STOCKHOLM, Sweden, Jan. 15, 2004 (PRIMEZONE) -- Skanska Project Development Sweden is selling the Gorvaln 2 property in Stockholm to Svenska Fastighetsfond AB for SEK 48.5 M. The capital gain amounts to SEK 47 M and is being reported in the fourth quarter of 2003.
Gorvaln 2 is an office and production facility covering 7,300 square meters. The building from 1963 is fully leased to Recip AB.
Skanska Project Development Sweden focuses primarily on the initiation, development, management and sale of commercial property projects (offices, logistics and volume retail centers). The main emphasis is on Stockholm, Gothenburg and the Oresund region.
During 2003, Skanska's project development operations in Sweden and Central Europe sold properties totaling SEK 7.6 billion, at a combined capital gain of around SEK 2.4 billion. Some 90 percent of the capital gain is attributable to projects completed during the past five years.
This and previous releases can also be found at www.skanska.com
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/01/15/20040115BIT20030/wkr0006.pdf PDF