Skanska sells ongoing office project in Malmö

Skanska sells ongoing office project in Malmö

Skanska is selling an ongoing office project at Universitetsholmen in Malmö,
Sweden. The buyer is Vital Forsikring ASA, Norway's largest life insurance
company.

In accordance with Skanska's information policy the purchase price or capital
gain is not disclosed for commercial development projects under construction.
The development gain will be reported in the quarterly reports as project
completion progresses.

The transaction involves the new Court of Appeals building in the Flundran 2
block at Universitetsholmen. The 10,000-square-meter building is currently under
construction. The project was started at year-end 2006 and will be completed in
the third quarter of 2008. Skanska's investment amounts to approximately SEK 255
M. The Swedish National Courts Administration has signed a 20-year lease for the
entire property.

“We have managed to lease the project before initiating construction and sell it
during ongoing production. This confirms that we have succeeded in our effort to
develop premises that are attractive to both users and investors,” says Richard
Hultin, President of Skanska Öresund. “Demand for offices is strong and we
foresee favorable possibilities to continue project development at
Universitetsholmen.”

In addition to the Appeals Court of Skåne and Blekinge counties, the
Rent-Control Administration and Swedish Government Offices will operate in the
building.

The new Court of Appeals building near the Malmöhus Castle was designed by Kim
Holst Jensen at the Danish Architect firm SHL. Skanska Sweden is carrying out
the construction.

Skanska Commercial Development Nordic Region is one of 14 business units within
Skanska. Its task is to initiate and develop property projects involving
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.


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.