STOCKHOLM, Sweden, July 16, 2004 (PRIMEZONE) -- Skanska Project Development Sweden is selling the property Landshovdingen 1 (Rosengard Center) in Malmo for SEK 315 M to Erik Selin. The capital gain amounts to SEK 55 M and will be reported in the third quarter of 2004. The buyer gains access of the property on July 16, 2004 when payment will be made.
The property consists of both a municipal office serving local residents and a shopping center. Of floor space totaling 33,000 square meters, some 20,000 square meters is retail space. Rosengard Center has undergone extensive renovation and restoration during recent years.
"The project was conducted in close cooperation with the City of Malmo and local businesses. The renovations were very successful, which is confirmed by the award Local Center of the Year for 2004", says Nils Olof Nilsson, president of Skanska Oresund.
Skanska Project Development Sweden initiates, develops, manages and sells commercial properties (offices, and logistics and volume-trade facilities). It focuses on the Stockholm, Gothenburg and OEresund regions.
For further information please contact:
Nils Olof Nilsson, President, Skanska Oresund, tel +46 70 216 23 66 Claes Larsson, President, Skanska Project Development Sweden, tel +46 70 581 11 08 Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38
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