Skanska and Vasakronan in Building and Land Deal Valued at SEK 2.5 Billion.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--April 26, 2001 Skanska Skanska, is a multinational construction and development company based in Sweden. Aktiebolaget Skånska Cementgjuteriet was established in 1887 and started by manufacturing concrete products. and Vasakronan Vasakronan is a Swedish government owned real estate company. Vasakronan has operations in Stockholm, the Stockholm suburbs, Göteborg, Malmö, Lund and Uppsala. Properties
The most well known of the properties be acquiring by Vasakronan is Skanska's profile property at Lilla Small town belonging to Montblanc in Catalonia. It is also a Hungarian female name (deriving originally from Lívia and Lídia (citation required)). Bommen in Goteborg Gö·te·borg A city of southwest Sweden on the Kattegat at the starting point of the Göta Canal system. Founded in 1604, it is a major port and industrial center. Population: 509,000. Noun 1. and the Kista Entre property. Joint company for developing building rights in Vasterjarva in Stockholm At year-end 2001, Vasakronan will sell [Skanska] 50% of a new formed land development company for development of Vasterjarva. During the past year, Vasakronan has carried out a planning process in Vasterjarva in the Solna and Sundbyberg municipalities Sundbybergs kommun (Sundbybergs kommun) is a suburban municipality in Stockholm County, just outside central Stockholm. Sundbyberg is wholly within of the Stockholm urban area and has a 100% urban population. . About 350,000 m2 of mixed premises for mainly housing and offices are planned in the area. Vasakronan's share is about 300,000 m2, with 50,000 m2 owned by a Skanska company. Profile properties being acquired Vasakronan is purchasing profile properties from Skanska. At year-end 2001, a profile property at Lilla Bommen in Goteborg, a property on Sodra Hamngatan in central G0teborg, a property at Oxtorget in central Stockholm and two properties within the harbor area The Harbor Area is the area along the Port of Los Angeles. It contains neighborhoods of Los Angeles (including Wilmington & San Pedro). Los Angeles City neighborhoods in the Harbor Area
-- Gullbergsvass 1:5 and 1:6 are located at Lilla Bommen in Goteborg along the Gota River. Lilla Bommen is one Goteborg's true profile properties. The property includes 40,000 m2. -- Vallgraven 16:6 is located on Sodra Hamngatan in central Goteborg and is an office building with 5,300 m2. -- Sirius 1 and Sirius 2 are in the Inner Harbor area adjacent to the Malmo Central Station. The property includes about 7,300 m2. -- Jarnplaten 29, Stockholm is at Oxtorget in central Stockholm. The property contains slightly more than 3,300 m2. -- Knarrarnas 2, Stockholm. Skanska is currently constructing Kista Entre in central Kista. The building, with slightly more than 46,000 m2 floor space, will become a landmark in Kista. Comments from Hakan Bryngelson, President of Vasakronan "This provides us a possibility jointly with Skanska to utilize the attractive building rights in Vasterjarva," says Hakan Bryngelson, President of Vasakronan. "Skanska has extensive experience in land development and we are looking forward to jointly developing completed building rights. At the same time, Vasakronan gains the possibility to acquire highly attractive properties in our main markets of Stockholm, Goteborg and Malmo. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se 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/2001/04/26/20010426BIT01690/bit0003.doc http://www.bit.se/bitonline/2001/04/26/20010426BIT01690/bit0003.pdf |
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