Skanska acquires land for residential development in Stockholm for approximately SEK 330 M

1/31/2007 1:35 PM CET
Press release

Skanska Residential Development Nordic has entered into an agreement with the Trelleborg Group for the purchase of land in Södra Hammarbyhamnen in Stockholm. The purchase price will amount to approximately SEK 330 M and is based on the assessed development level. At takeover, a payment of SEK 100 M will be made and on acceptance of the detailed development plan a supplemental payment, the amount of which will depend on the level of development.