Skanska makes exchange transaction involving office project Entré Lindhagen in Stockholm, Sweden


Skanska sells remaining part of the office project Entré Lindhagen in Stockholm,
Sweden, to Alecta for about SEK 1.7 billion. The transaction will be recorded in
the third quarter 2014 and transfer of the property was September 1, 2014. In
connection to the divestment of Entré Lindhagen, Skanska also acquires the
property Snäckan 8 from Alecta for about SEK 650 M.
The property Entré Lindhagen was aquired in 2008. The office is divided in two
properties that were completed in the beginning of 2014. The part that is
headquarter of Skanska was sold to Invesco Real Estate earlier this year. The
other part, that is now sold to Alecta, has a leasable area of about 37,000
square meters and is fully leased to Nordea, Skanska and BallBreaker. The
property that Skanska acquires from Alecta, Snäckan 8, is located in the center
of Stockholm and comprise about 17,000 square meters, fully leased to KPMG.

– We are very pleased with this trade with Alecta. There has been a lot of
interest for Entré Lindhagen in the market. The reason we chose to go
exclusively with Alecta was due to the possibility to acquire such an
interesting property in one of the most attractive locations in Stockholm, says
Caroline Arehult, Managing Director, Skanska Fastigheter Stockholm.

– With this trade we have significantly reduced the risk in our portfolio, and
at the same time strengthened our presence in this part of Stockholm. The
acquisition of the main part of Entré Lindhagen fits well in to our strategy to
own modern offices in attractive locations in Stockholm, says Fredrik Palm,
Director, Properties Sweden, Alecta.

Skanska Commercial Development Nordic initiates and develops property projects
in offices, logistics, business premises and commercial buildings. The company’s
operations are concentrated in the three metropolitan regions in Sweden, the
Copenhagen region in Denmark, the Oslo region in Norway, as well as Helsinki in
Finland. The development of logistics and volume retail properties is conducted
in strategic locations in Sweden, Denmark and Finland.
For further information please contact:

Caroline Arehult, Managing Director, Skanska Commercial Development Nordic, tel
+46 (0)10 448 11 12

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

Direct line for media, tel +46 (0)10 448 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 project development and construction
groups with expertise in construction, development of commercial and residential
premises, and public-private partnership projects. Based on its global green
experience, Skanska aims to be the client’s first choice for green solutions.
The group currently has 57,000 employees in selected home markets in Europe, the
US and Latin America. Skanska's sales in 2013 totaled SEK 136 billion.

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