Skanska starts work on Budapest's greenest office project - invests EUR 32.5 M, about SEK 300 M

Skanska starts work on Budapest's greenest office project - invests EUR
32.5 M, about SEK 300 M

Skanska is developing a new office property with a strong environmental
profile in Budapest, Hungary. Skanska's investment amounts to EUR 32.5
M, about SEK 300 M.

The office property, which will be named Green House, comprises 18,500
square meters of leasable space and will be completed in the second half
of 2012.
Green House will be designed to comply with the requirements for LEED
Platinum certification, the highest level of the international
environmental rating system. Skanska will thus be the first company in
Hungary to achieve a LEED Platinum pre-certified office building.
“With Green House, we aim to create a green office alternative with
efficient solutions and a healthy working environment that adds quality
and value for the tenants. Modern and environmentally sound offices are
increasingly in demand by tenants and investors,” says Andreas Lindelöf,
President, Skanska Property Hungary.
The seven-story building will be crowned by a roof terrace featuring a
garden. The building will have a three-story parking facility below
ground level. The property is located in the 13th district in central
Budapest, close to green areas, communications and other amenities.
Construction work will commence after receiving the building permit and
will be completed in the latter half of 2012. Since Skanska does not
conduct construction operations in Hungary the construction project will
be executed by an external contractor. 
Earlier this year in Budapest, Skanska completed the Népliget Center,
which was sold in 2007 and has Ericsson as one of the tenants.
Skanska Commercial Development Europe initiates and develops property
projects in office, logistics and commercial buildings. The company's
operations are concentrated in metropolitan areas in Hungary, the Czech
Republic and Poland and are conducted in three local units: Skanska
Property Czech Republic, Skanska Property Hungary and Skanska Property
Poland.
For further information, please contact:
Andreas Lindelöf, President, Skanska Property Hungary,
tel. +36 2048 98 900
Peter Gimbe, Press Officer, Skanska AB, tel. +46 10 448 88 38
Direct line for media: +46 10 448 88 99
This and previous releases can also be found at
www.skanska.com (http://www.skanska.com/)  
The information is such that Skanska AB is obligated to publish in
accordance with the Swedish Securities Markets Act.

Skanska is one of the world's leading project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on the Group's global environmental know-how, Skanska aims to
become customers' first choice in terms of Green projects. The Group
currently has 49,000 employees in selected home markets in Europe, the
US and Latin America. Skanska's sales for 2009 totaled SEK 137 billion.