Skanska sells office property in Stockholm for SEK 455 M, with a gain of SEK 160 M
10/30/2007 8:33 AM CET
Skanska is selling the Årstaäng 4 office property, transferred with leasehold right, in Stockholm for SEK 455 M to a company jointly owned by Balder and GE Real Estate. The capital gain amounts to SEK 160 M and is being reported in the fourth quarter of 2007. The new owners will takeover during November 2007.