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| Skanska sells office project in Sundbyberg Swedish construction firm Skanska sells an ongoing office project on Sturegatan in central Sundbyberg, a Stockholm suburb. The selling price amounts to SEK 400 M, which is in line with Skanska's internal market valuation. The buyer is IVG Funds and handover is in September 2009. The approximately 12,000-square-meter office project, the property Magasinet 1, was started in June 2007 and will be completed for occupancy in May 2009. The predominant tenant is the governmentowned utility company which administers and operates the national electrical grid in Sweden, Svenska Kraftnät, which leases 95 percent of the property. The remaining premises comprise of ground level retail space. write your comments about the article :: © 2009 Construction News :: home page |