Skanska launches first Finnish commercial development project - investment amounts to SEK 290 M

Skanska launches first Finnish commercial development project - investment
amounts to SEK 290 M

Skanska is now launching the development of commercial projects in Finland. In
Helsinki, Skanska is developing a new office property with 10,000 square meters
of floor space. The investment is expected to amount to approximately SEK 290 M,
EUR 31.6 M.

The first leasing contract has been signed for the premises in the Lintulahti
project in central Helsinki. Construction is scheduled to commence during the
third quarter of 2007, and occupancy is planned for the second quarter of 2009.
The construction assignment will be performed by Skanska Finland. Implementation
of the project is subject to the receipt of the necessary permits.

“The fact that we are expanding into the Finnish market is logical. The business
model that has long been successful in Sweden, Denmark and Central Europe will
also generate a healthy return in Finland,” says Fredrik Wirdenius, President of
Skanska Commercial Development Nordic Region. “Tenants are demanding modern and
efficient premises, at the same time as international investors are showing an
increasing interest in the Finnish real estate market.” 

“We also have a solid ground on which to develop the operation, since Skanska in
Finland is excellently established as both a developer of residential projects
and as a contractor. We are focusing on developing offices in Helsinki and
retail complexes in growth regions,” says Fredrik Wirdenius.

Jan Johnsson, with extensive experience of Skanska's commercial project
development activities in Sweden, Denmark and Hungary, is responsible for
building up Skanska's operations involving the development of commercial
projects in Finland. Jan Johnsson assumes responsibility for the Finnish
operations following a position as President of Skanska's commercial development
operations in Budapest, where he was active from 2002 to 2006.

Skanska Commercial Development Nordic initiates and develops real estate
projects involving offices, logistics facilities 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 Region is
divided into three regional companies: Gothenburg, Stockholm and Öresund.



For further information please contact:

Fredrik Wirdenius, President, Skanska Commercial Development Nordic, tel +46 70
553 80 62
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99


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 USD 17 billion.