STOCKHOLM, Sweden, April 29, 2004 (PRIMEZONE) -- Skanska is selling two 50 percent interests in the Tryckeriet 13-14 properties in Stockholm to Byggnadsfirma Oscar H. Nord AB for SEK 214 M. The gain on the sale amounts to SEK 204 M and is being reported in the second quarter. The transfer date to the buyer is April 29.
The Tryckeriet 13-14 properties are two buildings housing offices and training facilities totaling about 49,000 square meters located in the Liljeholmen area of Stockholm. The buildings were constructed in several stages during the period 1940-1978.
Skanska has been a part owner in Tryckeriet 13-14 since 1966 and 50 percent owner since 1977.
"We are selling properties that are currently to a large extent fully leased to focus on development of new projects," says Claes Larsson, President of Skanska Project Development Sweden. 'It is natural to transfer our interests to Byggnadsfirma Oscar H. Nord AB, which has owned the remaining interests and also managed the properties for many years."
Skanska Project Development Sweden focuses primarily on the initiation, development, management and sale of commercial property projects (offices, logistics and retail centers). The main emphasis is on Stockholm, Gothenburg and the Oresund region.
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