Skanska acquires 5,000 square meters of land in Warsaw, Poland for EUR 22M

WARSAW, 05-Oct-2016 — /EuropaWire/ — Skanska acquires about 5,000 square meters of land in Warsaw, Poland. The total investment amounts to EUR 22M, about SEK 200M.

The land plot is located at 7/9 Łucka Street in Warsaw’s Wola district, one of the most rapidly developing parts of the city, and is planned for future office development. The estimated gross leasable potential is about 35,000 square meters and the plot is situated in proximity to other Skanska’s projects – Generation Park, Atrium 1 and Atrium 2.

Skanska Commercial Development Europe initiates and develops office property projects. The company’s operations are concentrated in the metropolitan areas of the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.

For further information please contact:

Małgorzata Kubica, External Communication Manager, Skanska Poland, tel: +48 502 747 454

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94 Direct line for media: +46 10 448 88 99

The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has 43,100 employees in selected home markets in Europe and North America. Skanska’s sales in 2015 totaled SEK 155 billion.

SOURCE: Skanska