Skanska is selling the Kalvebod Brygge 47 property in Copenhagen for SEK 426 M (€ 48m). The buyer is FB Ejendomme A/S, which is exercising the purchase option in a previously signed lease for Forstædernes Bank´s new head office on Kalvebod Brygge. The buyer assumes ownership of the property on November 1, 2005, with payment on the same date.
Kalvebod Brygge is a 14,500-square-meter office property, of which 12,500 square meters is office space. The property, which is under construction, will be completed for occupancy during the fourth quarter of 2005.
'The property is fully leased to Forstædernes Bank and the sale represents a highly favorable development gain for the project', says Nils Olof Nilsson, President of Skanska Öresund, a unit in Skanska Project Development Sweden.