Skanska invests USD 70 M, about SEK 445 M, in laboratory and office building in Cambridge, USA

Skanska invests USD 70 M, about SEK 445 M, in laboratory and office
building in Cambridge, USA

Skanska is investing USD 70 M, about SEK 445 M, in a laboratory and
office building located at 150 Second Street in Cambridge, Boston, USA.
The project is Skanska's first commercial real estate investment in
Cambridge, home to the world's leading biotechnology and technology
innovation center, Kendall Square. The building is scheduled for
completion in November 2012. Construction will commence in October 2011
and will be implemented by Skanska USA Building.

Skanska USA Commercial Development acquired the 5 600 square meter
parcel in November 2010. The three-story Class A building, designed by
Elkus Manfredi Architects, will be designed and developed to LEED Gold
minimum standards. The project will include approximately 11 150 square
meter of highly sustainable lab space. Skanska will self-finance 100
percent of the development costs.

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,
which develops public-private partnerships; and Skanska Commercial
Development, which develops commercial development projects in select
U.S. markets. Headquartered in New York, Skanska USA has approximately
7,400 employees and its 2010 revenues were SEK 34.3 billion.

For further information, please contact:
Jessica Murray, Senior Director, Communications, Skanska USA, tel +1 404
946 7468
Edvard Lind, Group Press Officer, Skanska AB, Tel: +46 (0)10-448 88 08
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/)

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 52,000
employees in selected home markets in Europe, in the US and Latin
America. Headquartered in Stockholm, Sweden and listed on the Stockholm
Stock Exchange, Skanska's sales in 2010 totalled SEK 122 billion.