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Skanska sells hotel property in Germany

6/18/1998 12:00 AM CET
Press release

Skanska has sold its hotel property, Holiday Inn Crowne Plaza, in Bremen, Germany, for a purchase price of approximately SEK 165 M. The sale of the slightly more than 10,000 m2 property will generate a sales gain of approximately SEK 80 M.

PRESS RELEASE, JUNE 18, 1998                             46/98

SKANSKA SELLS HOTEL PROPERTY IN GERMANY

Skanska has sold its hotel property, Holiday Inn Crowne Plaza, in Bremen, Germany, for a purchase price of approximately SEK 165 M. The sale of the slightly more than 10,000 m2 property will generate a sales gain of approximately SEK 80 M.

The hotel is situated in central Bremen and was constructed at the beginning of the 1990s as one of several hotel projects developed by Skanska at that time in Germany and Austria.

 

Danderyd, June 18, 1998

SKANSKA AB
Corporate Communications

 


For further information, contact: Johan Bergman, Managing Director Project Development Europe, Tel +46 8 753 83 15.