STOCKHOLM, Sweden, Jan. 12, 2005 (PRIMEZONE) -- Skanska Project Development Sweden is selling the Kalvebod Brygge 43-45 and Nansensgade 19 properties in Copenhagen and the Baltorpvej 154-158 property in Ballerup to the Norrporten real estate company for a total of DKK 717 million, approximately SEK 870 million. The capital gain amounts to DKK 185 million, SEK 225 million, and will be reported in the first quarter of 2005. The transfer will be on February 1, 2005, at which time payment will also be made.
Kalvebod Brygge 43-45 comprises two office buildings with total floor space of 16,000 square meters in the Sydhamn district of central Copenhagen. The buildings were completed in 2001-2002.
Peblingehus, at Nansensgade 19, is an office property with about 12,000 square meters of floor space that was renovated in 2001.
The Baltorpvej 154-158 property is an office property with about 14,000 square meters of floor space.
"From a Skanska perspective the sold portfolio is now fully developed. The results demonstrate the value creation of our development process," says Claes Larsson, President of Skanska Project Development Sweden. "It is also pleasant to be able to present Norrporten as a new player in the Danish market."
"This investment is a good start in our ambition of building an attractive property portfolio in Copenhagen," says Anders Wiklander, President of Norrporten. "We are also pleased to be able to carry out this transaction with Skanska, which has newly produced or developed the actual properties."
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.
For further information please contact:
Claes Larsson, President, Skanska Projektutveckling Sverige, tel +46 8 504 350 18 Anna Wenner, Press Officer, Skanska AB, tel +46 8 753 88 99 Anders Wiklander, President, Norrporten tel +46 70 554 70 40
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://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=63022&fn=wkr0010.pdf PDF