Skanska sells Ektorp Centrum in Nacka with a gain of SEK 63 M


STOCKHOLM, Sweden, Nov. 01, 2004 (PRIMEZONE) -- Skanska Project Development Sweden is selling the Sicklaon 354:1 and 354:2 properties in Nacka for SEK 30 M and SEK 70 M respectively. The buyer is Arvid Svensson Invest in cooperation with Altira in a jointly owned company Celeritas Fastigheter AB. The capital gain amounts to SEK 63 M and is being reported in the fourth quarter of 2004. The buyer will take possession of the properties in November 2004 at which time payment will be made.

The properties house Ektorp Centrum, a mixed-use, open-air shopping center covering 18,500 square meters of shops and offices that has been developed by Skanska since the end of the 1970s.

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:

Hakan Danielsson, President, Skanska Fastigheter Stockholm AB, tel +46 8 504 350 70 Anna Wenner, Press Officer, Skanska AB, tel +46 8 753 88 39 Carl Mork, Altira AB, tel +46 73 500 84 74

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

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/11/01/20041101BIT20070/wkr0001.pdf