Skanska Sells Properties for Capital Gain of SEK 1 Billion.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 2, 2000 Skanska has sold properties in Stockholm, Gothenburg and Danderyd for a total of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.84 billion. The capital gain on the sale amounts to SEK 1 billion. The buyer is the AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor Pension fund. The properties, all of which were developed and built or renovated by Skanska, offer modern and efficient facilities in good locations. All are completely developed and fully leased with long-term contracts. The Ceres block, in central Gothenburg, was developed by Skanska for the telecom company EHPT EHPT Ericsson Hewlett Packard Telecommunications , Ericsson Hewlett Packard Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , which was able to occupy the 24,000 sq m facility in January of this year. The Trekanten block, in Danderyd, includes Skanska's former head offices and an adjoining office building. The properties have total floor space of 35,000 sq m. The larger of the two buildings has been extensively remodeled and is now leased by Intentia International. The Trumman block on Sodermalm in Stockholm was built 10 years ago. The 40,000 sq m facility includes tenants such as American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B Kort. "The deal is good for all parties. Of course, we were happy to be able to show a sales gain of one billion in our project development. At the same time, I'm convinced that these properties will be very valuable to both AMF Pension and their tenants for a long time to come," says Mats Wappling, head of Skanska Project Development and Real Estate. "We plan to sell additional fully developed properties this year." In total, Skanska Project Development and Real Estate has sold properties for SEK 3 billion this year, with a total gains amounting to SEK approximately 1.6 billion. Skanska is currently developing real estate projects in Sweden and Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. for about SEK 2.1 billion and plans to start additional projects for about SEK 1.5 billion. Moreover, Skanska owns about 700,000 sq m in unutilized building rights. This and previous releases can also be found at www.skanska.com. Please visit http://www.bit.se for further information. The following files are available for download: http://www.bit.se/bitonline/2000/05/02/20000502BIT00490/bit0001.doc http://www.bit.se/bitonline/2000/05/02/20000502BIT00490/bit0002.pdf |
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