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2016-11-18

Skanska: Skanska invests NOK 630M, about SEK 630M, in a new office project in Oslo, Norway

Skanska invests NOK 630M, about SEK 630M, in a new office project in
Oslo, Norway, with a total leasable area of 24,000 square meters. The
construction contract is worth NOK 440M, about SEK 440M, which will
be included in the order bookings for Skanska Norway in the fourth
quarter 2016.

The office building Workplace Oo is located in the area Storo/Nydalen
near the Ring 3 and barely three kilometers from central Oslo. The
area is easy to reach both by public transport and car. In the area
industrial history is mixed with a modern urban environment, where
homes, workplaces and leisure activities at the same time is present,
creating a new kind of urban setting.

Workplace Oo is designed to meet the requirements of the environmental
certification BREEAM NOR Excellent. Skanska's patented cooling system
Deep Green Cooling will be used in the office building.

The construction of Workplace Oo will begin immediately and the
building will be completed during the fall in 2018.

Skanska Commercial Development Nordic has an ongoing office project in
Oslo. Sundtkvartalet, which covers 30,000 square meters and will be
completed in December 2016 in a joint venture with Entra, will among
other things provide Skanska Norway's new headquarters.

Skanska Commercial Development Nordic initiates and develops property
projects in offices, logistics, business premises and rental
apartments. 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 and rental apartments in Copenhagen.

For further information please contact:

Björn Mattsson, Managing Director, Skanska Commercial Development
Norway and Finland, tel +47 92 85 16 16

Pål P Syse, Communications Director, Skanska Norway, tel +47 98 21 00
01

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 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 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-nok-630m--about-sek-630...
http://mb.cision.com/Main/95/2125614/591731.pdf

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