Skanska Sells Two Properties in Warsaw for SEK 805 M

Stockholm, SWEDEN

STOCKHOLM, Sweden, Dec. 2, 2005 (PRIMEZONE) -- Skanska has sold two properties in the city center of Warsaw -- Atrium Plaza and Atrium Centrum. The price is SEK 805 M and the gain on the sale will amount to SEK 174 M, which is being reported in the fourth quarter. The buyer is Polonia Property Fund L.P. managed by the Irish bank AIB.

Developed in 1998 and 2001, Atrium Plaza and Atrium Centrum comprise 14,600 square meters and 17,100 square meters, respectively, of leasable office and retail space, with underground parking on two levels.

The sold properties are the third and fourth projects developed by Skanska along one of the main streets in central Warsaw. Within the same development area, Skanska controls rights to development about 60,000 square meters of additional commercial premises.

In the third quarter Skanska decided to start a new office project -- Marynarska Point -- located in Warsaw's Mokotow business district. This first phase of two comprises approximately 12,500 square meters of leasable area. Skanska's investment amounts to EUR 28.8 M, approximately SEK 265 M.

Skanska Project Development Europe focuses on development of commercial projects in the central European markets of Budapest, Prague, Warsaw and Wroclaw, where the company has investment properties and land for development.

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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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