Skanska Sells Property in Gothenburg With Gain Totaling SEK 24 M.Business Editors GOTHENBURG, Sweden--(BUSINESS WIRE)--May 8, 2000 Skanska is selling a newly developed industrial property in Gothenburg for 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. 96.5 M, with a sales gain of SEK 24 M. The buyer is the German Bavaria real estate fund. Skanska will continue to be responsible for providing facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. services. The property in the Arendal area in Gothenburg is a logistics facility used by the Sweden Post subsidiary Save Cargo Logistics. The 17,500 sq. m. building was opened for use at year-end after being developed and constructed by Skanska. Skanska is being contracted by Bavaria to be responsible for operations and maintenance as well as management of the property within its newly started operations Skanska Facilities Management. A ten-year contract has been signed. "Logistics facilities are one of the products, in addition to volume shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into and offices, on which we are focusing our product development," says Claes Larsson, President of Skanska Real Estate Gothenburg. "It is highly favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. that Skanska can offer a total solution through developing, constructing and now also assuming responsibility for continued service to the customer and tenants." To date this year, Skanska has sold properties for about SEK 3.3 billion, with capital gains totaling about SEK 1.7 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 2.5 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. Please visit http://www.bit.se for further information. The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/05/08/20000508BIT00270/bit0002.pdf |
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