Skanska sells office property in Stockholm for SEK 456 M, with capital gain of SEK 132 M

Skanska sells office property in Stockholm for SEK 456 M,  with capital gain of
SEK 132 M

Skanska is selling the Gångaren 15 property in Stockholm for SEK 456 M to AFA
Sjukförsäkringsaktiebolag (health insurance company). The capital gain is SEK
132 M and is being reported in the second quarter of 2007. Occupancy is in
October 2007.

The Gångaren 15 property is one of Skanska's development projects at
Lindhagensterrassen on Kungsholmen. The building, which houses 11,000 square
meters of office space, was completed in 2001. The property is currently fully
leased, with mobile operator Hi3g Access AB, Plaza Publishing Group AB and Coor
Service Management AB as tenants.

Skanska is continuing to develop new premises at Lindhagensterrassen. Earlier
this year, Skanska signed an agreement with Skandia covering development and
construction of a 30,000-square-meter property that will be completed for
occupancy in 2009.

Including the new office for Skandia, to date Skanska has developed about
100,000 square meters at Lindhagensterrassen. Tenants in the other office
properties include Electrolux and Stockholm Transport (SL). Skanska is also
developing residential projects in the area.

“AFA Försäkringar has owned a neighboring property for some years, which we also
acquired from Skanska. Our acquisition now shows that we are satisfied with the
earlier purchase as well as the cooperation with Skanska and development in the
area,” says Tomas Ingemarsson, Property Manager, AFA Försäkring.

“This sale and the flow of tenants shows that Lindhagensterrassen is now
established as one of Stockholm's most attractive new office sites. And we
foresee great opportunities in the area,” says Håkan Danielsson, President of
Skanska Fastigheter Stockholm. “We hold an additional 30,000 square meters in
building rights that we plan to develop with modern, flexible and efficient
office properties.”

Skanska Commercial Development Nordic Region initiates and develops property
projects within offices, logistics and shopping centers. Office operations focus
on the three large metropolitan regions in Sweden, the Copenhagen region of
Denmark and Helsinki, Finland. The development of logistics facilities and
volume retail properties is conducted in strategic locations in Sweden, Denmark
and Finland. 

Skanska Commercial Development Nordic is divided into three regional companies:
Gothenburg, Stockholm and Öresund.


For further information please contact:

Håkan Danielsson, President, Skanska Fastigheter Stockholm AB, 
tel +46 70 553 80 70
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99
Tomas Ingemarsson, Property Manager, AFA Försäkring, tel +46 70-892 85 41


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


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 USD 17 billion.