Skanska sells Gothenburg property for SEK 33.5 M, posts capital gain of SEK 31 M
Skanska has sold the approximately 1,300 sq. m. retail and office building, designated Vallgraven 8:19, in Gothenburg. The selling price is SEK 33.5 M and the capital gain on the sale is SEK 31.2 M. The buyer is Cityfastigheter in Gothenburg.
Press Release
September 15, 2000 Skanska sells Gothenburg property for SEK 33.5 M, posts capital gain of SEK 31 M Skanska has sold the approximately 1,300 sq. m. retail and office building, designated Vallgraven 8:19, in Gothenburg. The selling price is SEK 33.5 M and the capital gain on the sale is SEK 31.2 M. The buyer is Cityfastigheter in Gothenburg. The property, which was first constructed in the mid-1800s, was acquired by Skanska in the late 1960s and developed and modernized. The building was fully leased when sold. -------------------------------------------------------------------------------------- For further information please contact: Claes Larsson, President, Skanska Real Estate Gothenburg, Tel +46 31-771 1101