Swedish construction company Skanska has received its first contract from Norwegian residential development company Fornebu Boligspar for the expansion of the new Fornebu residential area in Oslo. The project comprises a total of 26,000 m[sup]2[/sup] and the contract for NOK 365 mln (EUR 46.5 mln) is included in order bookings for the first quarter of 2008.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
