Skanska sells property in Prague for SEK 341 million

6/30/2006 11:17 AM CET
Press release

Skanska has sold the Budejovicka Alej property in Prague. The sales price is approximately SEK 341 million (EUR 36.7 million), representing a yield of 5,8 percent. The sale generates a capital gain of about SEK 122 million (EUR 13.1 million), which will be reported in the second quarter. The purchaser is a property fund managed by ING Management Limited (Aus).