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Skanska: Skanska constructs new building for offices and retail in Stockholm, Sweden, for SEK 1.2 billion

Skanska has signed a contract with AMF Fastigheter to construct a new
building for commercial and office premises in central Stockholm,
Sweden. The contract is worth about SEK 1.2 billion, which will be
included in order bookings for Skanska Sweden for the first quarter
of 2017.

The project includes demolition of the existing building, ground
improvement and new construction of twelve floors totaling 44,000
square meters. The new building will meet high sustainability
standards and aiming for Platinum certification, the highest level,
according to the environmental certification system LEED C&S. Great
emphasis will be placed on logistics, security and the adjacent mall
will be kept open during the entire construction period.

The assignment is part of AMF Fastigheter's development Urban Escape.
The project includes an entire block of five buildings on 130,000
square meters in the center of Stockholm, and the adjoining street
environment. The goal is to create an urban space with international
appeal. Skanska and AMF Fastigheter have for several years worked in
a number of projects, the latest in an ongoing office project in the
same block.

Construction will start immediately and the building will be completed
in the spring 2019.

Skanska is one of the leading development and construction companies
in the Nordics, with operations in building construction and civil
engineering in Sweden, Norway and Finland, and developing residential
and commercial property projects in select home markets. The
commercial development stream is also active in Denmark. Skanska also
offers services in public-private partnerships. Skanska had sales of
about 67 billion SEK and 10,600 employees in its Nordic operations
during 2016.

For further information please contact:

Bengt Staaff, Regional Manager, Skanska Sverige AB, tel +46 (0)10 448
12 33

Henrik Gustavsson, District Manager, Skanska Sverige AB, tel +46 (0)10
448 03 25

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at

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 partnerships
projects. Based on its global green experience, Skanska aims to be
the clients' first choice for Green solutions. The Group currently
has about 43,000 employees in selected home markets in Europe and
North America. Skanska's sales in 2016 totaled SEK 151 billion.


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