Skanska sells commercial building in Seattle, USA, for USD 70 M, about SEK 475 M


Skanska sells the development property Stone34 in Seattle, USA for USD 70 M,
about SEK 475 M. The buyer is a joint venture between Unico Properties and the
Laird Norton Company. The sale will be recorded for Skanska Commercial
Development, in the fourth quarter of 2014 and transfer of the property is
scheduled for the fourth quarter 2014.
Stone34 is Skanska’s first Seattle development property and was completed in
summer 2014. The ground floor provides over 2,000 square meters of retail space,
800 square meters of outdoor gathering space, parking stalls, biking stalls,
four electric car charging stations and edible landscaping. Current retail
tenants include flagship retail stores for Brooks and MiiR.

Skanska has two development projects under construction in the Seattle area, and
also recently announced the ground lease for 2&U, a Class A high-rise office
tower in downtown Seattle.

Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development North America, which develops
public-private partnerships; and Skanska USA Commercial Development, which
develops commercial projects in select U.S. markets. Headquartered in New York,
Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5
billion.
For further information, please contact:

Jay Weisberger, Communications Director, Skanska USA, tel +1 206 494 3469

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
projects and public-private partnerships. Based on its global green experience,
Skanska aims to be the clients' first choice for Green solutions. The Group
currently has 57,000 employees in selected home markets in Europe and the US.
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange,
Skanska's sales in 2013 totaled SEK 136 billion.

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