Skanska divests majority interest in office building in Seattle, USA, for USD 235 M, about SEK 2.0 billion

Skanska divests a 90 percent interest in its 400 Fairview project for USD 235
million, about SEK 2.0 billion, to TIAA-CREF, a leading financial services
organization. The TIAA Real Estate Account, a TIAA insurance separate account,
will hold the interest in the property following the acquisition. The divestment
will be recorded by Skanska Commercial Development USA in the fourth quarter of
2015.
The 30,000 square meter office and retail building in Seattle, Washington,
includes the headquarters of US-based companies Tommy Bahama, Impinj and Car
Toy’s/Wireless Advocates.

Skanska has formed a partnership with TIAA-CREF and will continue as the
managing partner of the asset on behalf of the joint venture.

Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development North America, which develops
public-private partnerships; and Skanska USA Commercial Development, which
develops commercial projects in select U.S. markets. Headquartered in New York,
Skanska USA has more than 9,600 employees and its 2014 revenues were SEK 43.5
billion.
For further information, please contact:

Jay Weisberger, Communications Director, Skanska USA, tel: +1 206 494 5469

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 AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.
Skanska is one of the world’s leading project development and construction
groups with expertise in construction, development of commercial and residential
premises, and public-private partnerships projects. Based on its global green
experience, Skanska aims to be the clients' first choice for Green solutions.
The Group currently has 58,000 employees in selected home markets in Europe and
North America. Skanska's sales in 2014 totalled SEK 145 billion.