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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Skanska AB    SKA B   SE0000113250

SKANSKA AB

(SKA B)
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Skanska : sells office building in Warsaw, Poland, for EUR 70 M, about SEK 720 M

12/03/2020 | 01:31am EST

Skanska sells the second building from the Spark office complex located in Warsaw, Poland, to Stena Fastigheter AB for EUR 70 M, about SEK 720 M. The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter of 2020. The transfer of the property is scheduled for the first quarter of 2021.

This is the second phase of the Spark office complex, a part of a three-building office complex. It is located in the heart of Wola, one of the fastest growing business and office districts in Warsaw. The building consists of approximately 19,000 square meters and about 85 per cent is leased to international as well as domestic tenants including UPC Polska, PCF Group, PKO Faktoring and INC Research (Syneos) among others.

The sold property was completed in the first quarter of 2019. It has already achieve d LEED Platinium as well as Building without barriers certifications. In addition it is also expected to receive WELL Core & Shell (Gold) certification and be accepted in the WELL Health-Safety Rating which awards high-quality office spaces with top safety standards that reduce the risk of disease transmission and facilitate creating healthy and safe workplaces. 

Skanska is one of the leading development and construction companies in Europe. Outside the Nordics, the company has operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and the UK. Skanska develops commercial properties in selected home markets in Poland, Czech Republic, Romania and Hungary, while residential development is active in Poland, Czech Republic and in the UK with the BoKlok concept. In 2019, Skanska had sales of SEK 33 billion and about 11,700 employees in its European operations outside the Nordics.

For further information please contact:

Aleksandra Markiewicz, Communications Manager, Skanska CDE, tel +48 797 229 147

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10-448 67 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska is a world leader in construction and project development on select markets in the Nordic region, Europe and USA. Driven by the Group's values, Skanska wants to contribute to a better society. Skanska provides innovative, sustainable solutions for both simple and complex assignments. Skanska has about 34,000 employees, and 2019 revenue totaled SEK 177 billion.

https://news.cision.com/skanska/r/skanska-sells-office-building-in-warsaw--poland--for-eur-70-m--about-sek-720-m,c3248226

https://mb.cision.com/Main/95/3248226/1343475.pdf

https://news.cision.com/skanska/i/20201203-pl-spark-office-building-in-warsaw,c2856933

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 164 B 19 585 M 19 585 M
Net income 2020 8 301 M 994 M 994 M
Net cash 2020 5 788 M 693 M 693 M
P/E ratio 2020 11,0x
Yield 2020 3,19%
Capitalization 90 434 M 10 903 M 10 828 M
EV / Sales 2020 0,52x
EV / Sales 2021 0,51x
Nbr of Employees 33 282
Free-Float 84,2%
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Number of Analysts 5
Average target price 217,20 SEK
Last Close Price 219,50 SEK
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Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer & Executive VP
Izabela Surmacz Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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