Skanska Commercial Property Development divests Sthlm 04 in Stockholm, Sweden, for SEK 830M to internal portfolio

Skanska Commercial Property Development Nordic has divested the office building Sthlm 04 in Stockholm, Sweden, to Skanska Investment Properties for about SEK 830M. The internal transaction has no effect on the cash flow and will be recorded in the fourth quarter 2023. The transfer will take place immediately.

The office building Sthlm 04 in the Hammarby Sjöstad district of Stockholm, has a total leasable area of approximately 12,400 square meters. The property, which is developed and built by Skanska, was completed in 2020 and is let to about 90 percent. Among the tenants are Universitetskanslersämbetet, Samhall, Nabo och Utbetalningsmyndigheten.  

The transaction is conducted at market value and is the fourth with Skanska Investment Properties as counterparty. The new business stream aims to establish a long-term portfolio of high-quality, climate-smart, and healthy office buildings in Stockholm, Gothenburg and Malmö.

Sthlm 04 has the highest LEED-certification, level Platinum. LEED is a global third-party certification for environmentally friendly design, construction, operation, and maintenance. The building is supplied with solar energy from an off-site solution, outside the electricity certificate market.

Sthlm 04 is one out of four office buildings in the area Sthlm New Creative Business Spaces that Skanska Fastigheter Stockholm has developed. Another office building, Sthlm 02, is under construction and Sthlm 05 and Sthlm 06, are planned. Approximately 10,000 new workplaces will be created in the area, which connects the Hammarby Sjöstad and Södermalm districts, to the public transport hub Gullmarsplan. In 2030, a new metro station will open in the area.

For further information please contact:

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 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 Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2022 revenue totaling SEK 162 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

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