Skanska sells Stockholm office to AFA for SEK 495m

Swedish construction company Skanska said it has sold a 10,500 m[sup]2[/sup] office building in the Lindhagensterrassen area of Stockholm for SEK 495mln (EUR53mln) to health insurer AFA Sjukforsakringsaktiebolga in a deal that gives Skanska a capital gain of SEK 160mln. The building, whose tenants include transport company Storstockhoms Lokaltrafik, the Stockholm County Council and Inspecta, will be occupied in June 2008 and the capital gain will be recognised in the second quarter of the year.

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