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2016-10-28

Skanska: Skanska invests about SEK 600M in apartment building in Nacka Strand, Sweden

Skanska is, together with its joint venture partner Carlyle, investing
a total of SEK 1.2 billion in the apartment building The View in
Nacka Strand, Sweden. Skanska's share of the investment of 50
percent, about SEK 600M, will be booked by Skanska Residential
Development in the fourth quarter 2016. The construction contract is
worth SEK 580M and will be included in the order bookings for Skanska
Sweden in the same quarter.

The View is an office building, located on the waterfront, converted
to residential. Skanska's assignment includes refurbishment and
extension of the existing building. The total area including garage
is over 44,500 square meters, making this one of the largest
conversion projects in Stockholm.

The building will be 12 stories high with 268 condominium apartments,
parking garage and premises for rent. 236 of the apartments will have
sea view with balcony or terrace, 30 apartments will have roof
terraces and the project includes ten Townhouses in duplex with
private entrance and patio.

The View is built with a focus on sustainability by preserving the
house's existing qualities including frame, stairwells and facades.

The construction work will commence immediately and the intention is
that The View will be ready for occupancy in stages from the summer
2018 to the autumn 2019.

Skanska is one of the largest project development and construction
companies in Sweden, with operations in building and civil
engineering as well as in residential and commercial development. The
unit has about 10,000 employees. Revenues from construction amounted
to SEK 27 billion in Sweden in 2015. Residential development sold
about 2,200 new homes. Skanska also offers services in public-private
partnerships.

For further information please contact:

Martin Junblad, District Manager, Skanska Sverige, tel +46 (0)10-448
64 98

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 www.skanska.com

The information provided herein is such as Skanska AB is obligated to
disclose pursuant to the EU market securities act (EU) no. 596/2014.

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 43,100
employees in selected home markets in Europe and in the US. Skanska's
sales in 2015 totaled SEK 155 billion.

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http://news.cision.com/skanska/r/skanska-invests-about-sek-600m-in-apart...
http://mb.cision.com/Main/95/2110990/581781.pdf

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