Skanska sells commercial development in Bristol, UK, for GBP 33 M, about SEK 420 M

6/22/2015 8:30 AM CET
Press release

Skanska sells 66 Queen Square, in Bristol, UK, to Aviva Investors Property Trust for GBP 33 M, about SEK 420 M. The transaction is recorded in the second quarter of 2015.

The commercial development is part new-build and part restoration of a Georgian terrace building, offering 5,700 square meters of space in total.

Construction work on the project has started and is due to complete in September 2015.

Skanska UK reported revenues of about SEK 15 billion in 2014. It has around 5,000 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public private partnerships, PPPs, also known as Privately Financed Initiatives, PFIs.