STOCKHOLM, Sweden, Nov. 24, 2003 (PRIMEZONE) -- Nordisk Renting AB is acquiring an office property in central Sundbyberg, a suburb of Stockholm, Sweden, from Skanska for SEK 54m. At the same time the parties are signing a 20-year leasing agreement. The property, which was built in the 1920s, has recently been renovated by Skanska and is now an ultra-modern office, which is fully let to an external tenant.
"Skanska's focus is on building and developing properties, but now that this project has been fully developed it's a natural part of our strategy to sell the property," said Hans Johansson, Business Developer at Skanska Sverige AB.
The property encompasses 2,700 square metres of rentable area and Skanska will be responsible for the long-term management of the property.
"Nordisk Renting's business concept -- acquiring and owning properties for long-term leasing to financially sound companies -- is a good complement to Skanska's focus on construction and property development," says Reinhold Geijer, Chief Executive of Nordisk Renting AB. "This projects enables us to extend our co-operation with Skanska, who we have already worked with for several years on a host of new construction projects."
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