Skanska makes capital gain of SEK 29 M on sale of property in Old City area of Stockholm

Skanska makes capital gain of SEK 29 M on sale of property in Old City area of Stockholm

Skanska has sold its Python 6 property on Skeppsbron in Gamla Stan, which is the Old City district of Stockholm.

The sale price was SEK 31.5 M and the capital gain was SEK 29 M.

The purchaser is Simsonship, a firm of shipbrokers, which has been the building's principal tenant.

The 1,200 square-meter property, which has been under Skanska ownership since the mid 1970s, is fully leased/rented.

"The sale of this property is part of our strategy to maintain a high turnover in our real estate portfolio. Accordingly, we are selling properties that are fully leased/rented and developed," says Fredrik Wirdenius, President, Skanska Real Estate Stockholm.

Stockholm, April 29, 1999

SKANSKA AB
Group Communication

For additional information, contact:
Fredrik Wirdenius, President, Skanska Real Estate Stockholm, telephone: +46 (0)8 753 80 62.