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2016-05-09

Skanska: Skanska invests DKK 560M, about SEK 700M, in a residential project in Ørestad City, Denmark

Skanska invests DKK 560M, about SEK 700M, in a new residential project
in Ørestad City, Denmark. The investment is recorded by Skanska
Commercial Development Nordic in the second quarter of 2016.

The project, located in a very attractive area in Ørestad City, is
27,300 square meters and consists of 300 rental apartments, ranging
from 57 to 132 square meters and a 1,200 square meter convenience
store.

The execution of the project will be in cooperation with the
management contractor Sjælsø Management. Construction begins in May
2016 and completion is scheduled for the second quarter 2018.

Skanska now has over 900 rental apartments under construction in
Copenhagen, of which 600 are sold.

Skanska Commercial Development Nordic initiates and develops property
projects in offices, logistics, business premises and commercial
buildings. The company's operations are concentrated in the three
metropolitan regions in Sweden, the Copenhagen region in Denmark, the
Oslo region in Norway, as well as Helsinki in Finland. The
development of logistic properties are conducted in strategic
locations in Sweden.

For further information please contact:

Peter Nymann-Jørgensen, Managing Director, Skanska A/S, tel +45 21 68
61 02

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

Skanska AB discloses the information provided herein pursuant to the
Securities Market Act.

Skanska is one of the world's leading construction and project
development companies, focused on selected home markets in the Nordic
region, other European countries and North America. Supported by
global trends in urbanization and demographics, and by being at the
forefront in sustainability, Skanska offers competitive solutions for
both simple and the most complex assignments, helping to build a
sustainable future for customers and communities. The Group currently
has 43,100 employees in selected home markets in Europe and North
America. Skanska's sales in 2015 totaled SEK 155 billion.

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http://news.cision.com/skanska/r/skanska-invests-dkk-560m--about-sek-700...
http://mb.cision.com/Main/95/2004512/512647.pdf

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