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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Skanska    SKA B   SE0000113250

SKANSKA (SKA B)
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Skanska : divest office buildings in Gothenburg, Sweden, for about SEK 1 billion

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02/01/2018 | 08:01am CET

Skanska has divested the office buildings Tändstickan II and III with parking garage in Gothenburg, Sweden, for about SEK 1 billion. The buyer is Kungsleden. The sale will recorded by Skanska Commercial Development Nordic in the first quarter 2018. The transfer for Tändstickan II and the parking garage is scheduled to February 2018 and January 2019 for Tändstickan III. 

The 18,000 square meters of office space in the two buildings are fully leased to Handelsbanken, ÅF, Capgemini, Försäkringskassan and BeSiDa, who will run a restaurant in Tändstickan III.

In developing the buildings there has been a strong focus on energy efficiency, sustainable materials and well-being and the buildings will be certified according to LEED.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska offers services in public-private partnerships. Skanska had sales of about SEK 67 billion and more than 15,000 employees in its Nordic operations during 2016.

For further information please contact:

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

Ida Granqvist, Transaction Manager, Skanska Property Göteborg, tel +46 (0)10 448 13 17

Direct line for media: +46 (0)10 448 88 99

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

Skanska is one of the world's leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. 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 has about 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.

http://news.cision.com/skanska/r/skanska-divest-office-buildings-in-gothenburg--sweden--for-about-sek-1-billion,c2442654

http://mb.cision.com/Main/95/2442654/785281.pdf

http://news.cision.com/skanska/i/180201-office-gothenburg---1,c2334188

http://news.cision.com/skanska/i/180201-office-gothenburg---2,c2334187

(c) 2018 Cision. All rights reserved., source Press Releases - English

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Financials ( SEK)
Sales 2018 156 B
EBIT 2018 5 303 M
Net income 2018 4 500 M
Finance 2018 2 171 M
Yield 2018 5,15%
P/E ratio 2018 15,23
P/E ratio 2019 13,15
EV / Sales 2018 0,40x
EV / Sales 2019 0,38x
Capitalization 65 184 M
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Number of Analysts 8
Average target price 190  SEK
Spread / Average Target 17%
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Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer
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Lena Charlotte Strömberg Independent Director
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