Skanska Establishes New Market in Poland for Development of Commercial Projects

Stockholm, SWEDEN

STOCKHOLM, Sweden, Nov. 30, 2005 (PRIMEZONE) -- Skanska has decided to expand the market for the development of commercial projects in Poland to include Wroclaw. An initial land acquisition intended for an office project has been completed in central Wroclaw. The investment in this land amounted to EUR 1.5 million, approximately SEK 14 million.

"Our specialty, which is the development of commercial projects in prime locations, has been successful in Warsaw for ten years. Now we can also see that the opportunities are increasing in regional centers, such as Wroclaw. Our analyses show that Wroclaw is a market of long-term interest to us in terms of the development, construction, leasing and sale of modern office premises," says Fredrik Wirdenius, President of Skanska Project Development Europe.

"Major international companies are now establishing operations in Wroclaw by locating central functions in the city. A successful initiative aimed at stimulating new establishment was launched a few years ago and is now beginning to bear fruit, which is providing fertile ground for our operations," says Mats Johansson, Managing Director of Skanska Property Poland.

With a population of approximately 640,000, Wroclaw is the fourth largest city in Poland and one of the country's most expansive regional centers for trade and industry. The city's location in southwestern Poland means that Warsaw, Berlin, Prague and Vienna are only 300 kilometers away. Wroclaw is also a center of higher education, with its university and seven colleges.

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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 54,000 employees in selected home markets in Europe, in the US and Latin America. Sales in 2004 totaled SEK 121 billion, USD 17 billion.

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