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2014-06-27

Skanska: Skanska to construct new phases of logistics center in Sipoo, Finland, for EUR 74 M, about SEK 660 M

Skanska has, in joint venture with Lemminkäinen, signed a contract
with S Group to construct the last three phases of a new logistics
center for daily consumer goods in Sipoo, Finland. Skanska and
Lemminkäinen have equal shares in the joint venture company Freeway.
The total contract value is approximately EUR 148 M, about SEK 1.3
billion. Skanska's share is EUR 74 M, about SEK 660 M, which will be
included in order bookings for Skanska Finland in the second quarter
2014.

The logistics center is currently one of the largest construction
projects in Finland. It will have a surface area of about 189,000
square meters and a capacity of around 3,400,000 cubic meters. Phases
III and IV cover the storage facilities for refrigerated foods and
phase V the facilities for frozen foods.

Construction of the logistics center began in June 2013, and will be
completed 2018.

Skanska Finland is one of the leading construction companies in
Finland. The company is active in building construction, residential
and commercial premises, as well as civil engineering projects. The
combined sales for Skanska Oy's operations in 2013 were SEK 7.1
billion and the company employed about 2,190 people. In Finland,
Skanska is also active within development of residential, office and
PPP projects.

For further information please contact:

Liisa Salmela, Communications Manager, Skanska Oy, tel. +358 50 374
3070

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 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

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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http://news.cision.com/skanska/r/skanska-to-construct-new-phases-of-logi...
http://mb.cision.com/Main/95/9608779/261400.pdf

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