STOCKHOLM, Sweden, July 2, 2004 (PRIMEZONE) -- Skanska Projektutveckling Sverige AB is selling the S:t Jorgen 21 property in Malmo for SEK 354 M to the open-ended funds grundbesitz-global managed by DB Real Estate Investment GmbH (Deutsche Bank Group). The gain on the sale of SEK 54 M will be reported in the third quarter of 2004. The occupancy date is August 31, 2004, when also payment will be made.
S:t Jorgen 21, better known as Baltzar City, is an office property with shops located in the center of Malmo. Completed in the autumn of 2002, the building comprises a total of about 11,200 square meters.
"Baltzar City is a good example of how a modern building can be fitted into the older city section and was also awarded the Malmo City Planning Award 2003. The property is now virtually fully leased and we are selling to be able to invest in new projects," says Nils Olof Nilsson, President of Skanska Oresund.
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:
Nils Olof Nilsson, President, Skanska Oresund, tel +46 40-14 45 83 Claes Larsson, President, Skanska Project Development Sweden, tel +46 8-504 350 18 Peter Gimbe, Senior Vice President Communications, Skanska AB, tel +46 8-753 88 38
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://www.waymaker.net/bitonline/2004/07/02/20040702BIT20890/wkr0001.pdf