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| Skanska sells projerty in Stockholm to Deka Immobilien Top Nordic construction firm Skanska sells its ongoing office project Bylingen in Stockholm. The sales price is SEK 576 M. The buyer is Deka Immobilien GmbH on behalf of its property fund WestInvest ImmoValue and the transfer is scheduled for March 2010. The property is fully leased and comprises about 14,500 square meters of office space and studios for the media group MTG, Modern Times Group and two restaurants. The building is classed as an EU GreenBuilding which means that energy consumption is at least 25 percent lower than the Swedish standards. Skanska and Deka Immobilien have concluded several deals together before. For example, Deka has acquired CityCronan in Stockholm and Atrium City in Warsaw from Skanska. Pursuant to Skanska's communications policy, capital gains on commercial development projects are not disclosed during the construction phase. This project is expected to be completed during the first quarter of 2010. write your comments about the article :: © 2010 Construction News :: home page |