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Skanska enters into new cooperation project with Ericsson Radio Systems

9/4/1998 12:00 AM CET
Press release

Skanska is to develop new projects for Ericsson Radio Systems in the Stockholm suburbs of Sundbyberg and Kista.

PRESS RELEASE, SEPTEMBER 4, 1998                    69/98

Skanska enters into new cooperation project with Ericsson Radio Systems

Skanska is to develop new projects for Ericsson Radio Systems in the Stockholm suburbs of Sundbyberg and Kista.

The Sundbyberg project will involve continued development of the industrial site formerly used by the confectioner Marabou, where Skanska has already built 24,000 m2 of floor space for Ericsson. Skanska will now construct an additional 7,400 m2 of space.

Construction work will commence immediately and be completed by mid-April 1999.

In Kista, 10,000 m2 of space for Ericsson will be completed in the next few days. This project, which was developed by Skanska Project Development & Real Estate, will be transferred to Drott Kontor AB, the company that is to be spun off to Skanska's shareholders in September.

"It is gratifying to note that our many years of cooperation with Ericsson is to continue and that we have again been entrusted to resolve the need for new premises for Ericsson - which, viewed as a whole, is our largest tenant," says Olof Johansson, who is responsible for project development in Sweden within Skanska Project Development & Real Estate.

Skanska's investment, which will total SEK 210 million, is part of the Group's strategic focus on the development of projects and properties. In order to satisfy its customers' total need for premises, Skanska is active throughout the entire process, from project concept to implementation and property management.

At the Marabou site in Sundbyberg, Division Residential Construction, Skanska Sweden will also implement a new housing project, known as Bällsta Strand, which will consist of approximately 260 apartments.

 

Danderyd, September 4, 1998

SKANSKA AB
Corporate Communications

 


For further information, contact:
Cecilia Schön, Senior Vice President, Skanska Corporate Communications, telephone: +46 8 753 87 99
or Sven-Olof Berglund, Project Development Officer, Skanska Project Development & Real Estate, telephone: +46 8 753 80 23