STOCKHOLM, Sweden, Aug. 19, 2004 (PRIMEZONE) -- Skanska AB (Other OTC:SKSBF) is selling the Kalvebod Brygge 47 property in Copenhagen for SEK 426 M. The buyer is FB Ejendomme A/S, which is exercising the purchase option in a previously signed lease for Forstaedernes Bank's new head office on Kalvebod Brygge. The buyer assumes ownership of the property on November 1, 2005, with payment on the same date.
Kalvebod Brygge is a 14,500-square-meter office property, of which 12,500 square meters is office space. The property, which is under construction, will be completed for occupancy during the fourth quarter of 2005.
"The property is fully leased to Forstaedernes Bank and the sale represents a highly favorable development gain for the project", says Nils Olof Nilsson, President of Skanska Oresund, a unit in Skanska Project Development Sweden.
Skanska Project Development Sweden focuses 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
For further information please contact:
Nils Olof Nilsson, President, Skanska Oresund, tel +46 40 14 45 83 Peter Nymann, Property Development Manager, Skanska Oresund, tel +45 44 77 99 95 Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38
This and previous releases can also be found at www.skanska.com
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