Skanska sells ongoing office project in Copenhagen to Norrporten

Skanska sells ongoing office project in Copenhagen to Norrporten

Skanska is selling the ongoing office project Havneholmen Tower in Copenhagen.
The buyer is Fastighetsaktiebolaget Norrporten, which will take possession of
the property in January 2011.

Skanska is responsible for leasing of the project until the end of June 2014.
The project was started in the first quarter of 2008 and no leases have been
signed yet, but negotiations are in progress with several potential tenants. The
final development gain depends on the success of the leasing activity and will
be reported on a quarterly basis as the project is completed and leases are
signed.

Havneholmen Tower comprises 18,500 square meters of office space and Skanska's
investment is DKK 530 M, about SEK 650 M. 

“I am pleased to say that the property's quality and location correspond well
with our business concept and development strategy in Copenhagen,” says Anders
Wiklander, President of Norrporten.

Tower is the second Skanska development project in Havneholmen to be acquired by
Norrporten. Norrporten recently took possession of Skanska's most recent
project, Havneholmen Atrium, which has just been completed and is fully leased.
Tenants include Handelsbanken and BDO Revision. Skanska holds building rights
for approximately 40,000 additional square meters of property in the area, of
which the next stage planned comprises about 15,000 square meters. 

“We have noted a continued favorable demand for modern, flexible office projects
in prime locations in the Öresund region,” says Richard Hultin, President of
Skanska Öresund. 

Havneholmen Tower was designed by Gert Wingårdh Arkitekter and construction is
carried out by Pihl A/S.

Skanska Commercial Development Nordic initiates and develops property projects
within offices, logistics centers and retail warehouses. Office operations focus
on the three large metropolitan regions in Sweden, the Copenhagen region in
Denmark and Helsinki, Finland. The development of logistics centers 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 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 60,000 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
2007 totaled SEK 139 billion.