STOCKHOLM, Sweden, April 02, 2004 (PRIMEZONE) -- Skanska has signed a 15-year leasing agreement with Forstaedernes Bank in Copenhagen, Denmark. In total, the agreement covers approximately 14,500 square meters of space at Kalvebod Brygge 47, which will accommodate Forstaedernes Bank's new head office.
Skanska Oresund, which is part of Skanska Project Development Sweden, will have invested about SEK 300 M in the project upon completion. Skanska Denmark is responsible for the construction work, which will be started as soon as the necessary permits have been obtained. It is estimated that the property will be ready for occupation during the final quarter of 2005.
"We are very pleased to welcome Forstaedernes Bank as a tenant to the property at Kalvebod Brygge 47. Since we acquired the Kalvebod Brygge area in 1996, we have constructed five office buildings with a combined floor space of about 40,000 square meters. The leasing agreement signed with Forstaedernes Bank is in line with Skanska's strategy to develop modern, commercial properties in cooperation with customers," says Nils Olof Nilsson, President of Skanska Oresund.
"Kalvebod Brygge was a natural choice for Forstaedernes Bank. The location makes us part of Copenhagen's financial center with a highly visible position, excellent communications and a work environment tailored to suit our future operations," says Niels Fessel, President of Forstaedernes Bank.
Skanska Project Development Sweden focuses primarily on the initiation, development, management and sale of commercial property projects (offices, logistics and volume retail centers). The main emphasis is on Stockholm, Gothenburg and the Oresund region. Skanska Oresund is a subsidiary of Skanska Project Development Sweden.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/04/02/20040402BIT20170/wkr0006.pdf PDF