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Skanska sells retail park project outside Malmö

Skanska is selling an ongoing commercial development project in Burlöv outside Malmö. Buyer is a German investment fund. Occupancy will be in two steps during the fourth quarter of 2008 and the second quarter of 2009.

The property transaction covers all four retail warehouses at the Stora Bernstorp retail park in Burlöv's Municipality outside Malmö. The commercial area will comprise a total of about 37,000 square meters and is divided into four stages. The construction was started in autumn 2007 and will be completed in stages between Q4 2008 and Q2 2009. Skanska's investment amounts to about SEK 585 M. The construction project is being carried out by Skanska Sweden.



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