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Skanska sells ongoing office project in Malmö to Aberdeen

Swedish building firm Skanska sells the ongoing office project Citykajen in Malmö. The buyer is Aberdeen Property Nordic Fund I SICAV-FIS and handover is on September 30, 2009.

The sale refers to the two phases of the project Citykajen at Universitetsholmen in Malmö, together comprising about 14,200 square meters of leasable space. The project was started at year-end 2006 and will be completed during the third quarter 2009. Skanska's investment amounts to about SEK 375 M.

Major tenants in Citykajen are Banverket (Swedish Rail Administration) and Öhrlings PriceWaterhouseCoopers and the occupancy rate is about 94 percent. Citykajen was designed by architect Lars Iwdahl, Arkitektbyrån.

Citykajen is one of several modern office properties that Skanska is developing at Universitetsholmen in Malmö. Skanska has already developed the property Hjälmarekajen next to Citykajen and developed and sold the new Court of Appeals building a few blocks away. Just recently the new office project Bassängkajen was started, with Malmö University as the first tenant.



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