Business Services Industry
Skanska sells office property in Malmo for SEK354m
Nordic Business Report, July 1, 2004
NORDIC BUSINESS REPORT-1 July 2004-Skanska sells office property in Malmo for SEK354m(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish construction group Skanska AB said on Friday (2 July) that its subsidiary Skanska Projektutveckling Sverige AB (Skanska Project Development Sweden) was selling the S:t Jorgen 21 property in Malmo for SEK354m to the open-ended funds grundbesitz-global managed by DB Real Estate Investment GmbH (Deutsche Bank Group).
S:t Jorgen 21, better known as Baltzar City, is an office property with shops located in the centre of Malmo.
The gain on the sale of SEK54m would be reported in the third quarter of 2004, according to the company.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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