Skanska initiates new office project in central Warsaw

Skanska initiates new office project in central Warsaw

Skanska is currently developing and constructing Atrium City, a new office
project along the main street Al Jana Pawla in central Warsaw. The building will
comprise about 20,000 square meters of rentable floor space. The total
investment amounts to EUR 73.5 M, or SEK 680 M.

The new office building is scheduled to be completed in spring 2009. Similar to
other Skanska projects, the building is being developed with a focus on
energy-efficient solutions to achieve environmental and cost advantages in the
operating phase.

Skanska has developed the inner-city area along Al Jana Pawla since 1997,
involving four office projects and a hotel. In addition, Skanska holds building
rights for an additional two office projects within the same area.

“Lately, we have noted strong increasing demand on the office market in Warsaw.
Therefore, it is pleasing to be able to initiate a new project in an area that
we have been involved in developing from the start,” says Mats Johansson,
President of Skanska Property Poland.

Skanska Commercial Development Europe initiates and develops office and
logistics property projects. Operations are focused on Warsaw, Prague and
Budapest and the selected central European growth areas of Wroclaw, Poland and
Ostrava, Czech Republic. Operations are conducted in three local units: Skanska
Property Czech Republic, Skanska Property Hungary and Skanska Property Poland.


For further information please contact:

Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 99
Mats Johansson, President, Skanska Property Poland, 
tel +48 502 737 240.


This and previous releases can also be found at www.skanska.com

This is the type of information that Skanska AB may be obligated to disclose in
accordance with the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading Act. 

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 56,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2006 totaled SEK 126 billion.