Skanska Commercial Property Development to sell nearly 10,000 sq. m. office building in Malmö to Skanska Investment Properties for EUR 55 million

Skanska Commercial Property Development to sell nearly 10,000 sq. m. office building in Malmö to Skanska Investment Properties for EUR 55 million

(PRESS RELEASE) STOCKHOLM, 24-Nov-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced an internal transaction for the divestment of the office building in Malmö, Sweden owned by Skanska Commercial Property Development to Skanska Investment Properties for the price of SEK 600 million (~EUR 55 million). The internal transaction will have no effect on the cash flow and will be recorded in the Q4 2022. The transfer will take place immediately.

The office building Aqua in Malmö has a leasable area of approximately 9,900 square meters. The property, which is developed and built by Skanska, was completed in 2022 and is let to 94%. Among the tenants are the Swedish Transport Administration, Columbus, Axpo, Coolstuff, Agito, Nola and Aqua Sushi.

The transaction is conducted at market value and is the second with Skanska Investment Properties as counterparty. Earlier this year Skanska Investment Properties bought the office building Epic in Malmö, Sweden. The new business stream aims to establish a long-term portfolio of high-quality, climate-smart, and healthy office buildings in Stockholm, Gothenburg, and Malmö. To clarify the expanded operations, which now include long-term ownership, Skanska Öresund will change name to Skanska Fastigheter Malmö.

Aqua has the highest LEED-certification, level Platinum, and certifies according to WELL. LEED is a global third-party certification for environmentally friendly design, construction, operation, and maintenance. WELL is based on medical and scientific research on healthy workplaces and how people are affected by the built environment.

Aqua is one of several office properties that Skanska has developed at Universitetsholmen in Malmö. Next door to Aqua is Skanska’s office project Oas, which is under construction and will be completed during spring 2024.

For further information please contact:
Matti Kataja, Press Officer, Skanska AB, tel +46 (0)10 449 67 98
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

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