Skanska develops new media house for MTG in Stockholm - Skanska investing SEK 520 M

Skanska develops new media house for MTG in Stockholm - Skanska investing SEK
520 M

Skanska is developing a new office and media house in Stocholm for the media
group MTG, Modern Times Group. A new building comprising 18,000 square meters is
now being developed and constructed by Skanska. The investment amounts to SEK
520 M.

MTG has signed a lease covering the major part of the new building where they
will gather the operations within MTG Sweden that are located in the Stockholm
area. The contract gives MTG Sweden new ultramodern premises and also studios
designed specifically for the radiostations RIX FM, Lugna Favoriter, Svenska
Favoriter, NRJ and Bandit and for TV-channels such as TV3, TV6 and TV 8 and for
Viasat. 

The new building will be located on Ringvägen in Stockholm. Fully utilized it
will house about 900 work places which will further boost this area of
Södermalm, close to the Södersjukhuset hospital. 

Construction of the office and media house will commence as soon as building
permits have been received and occupancy is planned for August 2009. The
construction work will be carried out by Skanska Sweden. The contract with MTG
is conditional on receipt of necessary permits. 

“We are full of expectations and are looking forward to gathering our personnel
in a fresh and pleasant workplace designed for a modern media group like MTG,”
says Anders Nilsson, Co-Chief Operating Officer, MTG.

“We are very proud to take part in the development of MTG's new media house.
Based on their needs, we are creating attractive and efficient premises in a
location with excellent communications in Stockholm,” says Håkan Danielsson,
President, Skanska Fastigheter 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 Fastigheter Stockholm, 
tel +46 8 504 350 70
Peter Gimbe, Group Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99.
Bert Willborg, press enquiries, MTG, tel +44 (0) 791 2280 850


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

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets 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.