Skanska sells office property in Stockholm for SEK 455 M, with a gain of SEK 160 M

Skanska sells office property in Stockholm for SEK 455 M, with a gain of SEK 160
M

Skanska is selling the Årstaäng 4 office property, transferred with leasehold
right, in Stockholm for SEK 455 M to a company jointly owned by Balder and GE
Real Estate. The capital gain amounts to SEK 160 M and is being reported in the
fourth quarter of 2007. The new owners will takeover during November 2007.

The property comprises three buildings totaling 34,000 square meters of office
space. The largest and most modern building was rebuilt in 2001 from industrial
to office premises for an earlier tenant. In 2006, the premises were modernized
and adapted for several tenants, including Telenor and Lindorff.

“We are highly pleased to carry out yet another transaction with Skanska and we
are looking forward to jointly continuing leasing and working to enhance
property value with our, GE Real Estate's and Skanska's combined resources,”
says Erik Selin, President, Fastighets AB Balder. “This sets the stage for
additional transactions.”

”Årstaäng is a prime property that offers offices in various sizes in a pleasant
and expanding area of Stockholm. For GE, today's acquisition is the first in
cooperation with Balder, but hopefully not the last,” says Lennart Sten,
Managing Director, GE Real Estate Nordic. 

“We are pleased to again conduct business with Fastighets AB Balder. It
reinforces our conviction that we offer the right product for tenants as well as
investors,” says Håkan Danielsson, President of Skanska Properties Stockholm. 

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 Properties Stockholm, 
tel +46 70 553 80 70
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38. 
Direct line for media: tel +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 SEK 126 billion.