Skanska develops and constructs residential housing in Gothenburg - invests approximately SEK 450 M

Skanska develops and constructs residential housing in Gothenburg - invests
approximately SEK 450 M

Skanska is to develop and construct a new residential area adjacent to Frölunda
Torg in Gothenburg. Skanska has entered into an agreement with Diligentia
regarding the purchase of land with the associated building rights. Skanska's
investment in land and project development will amount to approximately SEK 450
M.

The new residential area, comprising three buildings from three to nine floors
high, is being built with a parking deck on the bottom level. In total, Skanska
will construct about 180 apartments in varying sizes, but with a focus on
three-room apartments.

The residential project will be one of the first 3D properties to be registered
in Gothenburg. 3D means that a property can be divided up into different areas
of use with different owners.

Sales are scheduled to commence in the spring of 2008, with occupancy scheduled
for spring of 2010. The construction work will start in the winter 2008/2009. 

The apartment buildings, featuring an exciting and modern design, are part of
the major refurbishment of Frölunda Torg and its surrounding neighborhood.  

Skanska Residential Development Nordic will initiate and develop the residential
area for apartment buildings and single-family houses. The unit develops about
4,200 new homes per year. The business unit has approximately 400 employees in
four countries: Sweden, Finland, Norway and Denmark.




For further information please contact:

Björn Nilsson, Head of Communications, Skanska Residential Development Nordic,
tel +46 733-49 82 90
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

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.