News Column

Skanska sells office building in Virginia, USA, for USD 90 M, about SEK 585 M

July 17, 2014



Skanska sells the office property at 1776 Wilson Boulevard in Virginia, USA for USD 90 M, about SEK 585 M. The buyer is Invesco Advisers, Inc. and the transaction will be recorded by Skanska USA Commercial Development in the third quarter of 2014. Skanska acquired the site in May 2010, and self-financed 100 percent of the five-story, Class A project, which was completed in November 2012. 1776 Wilson Boulevard was the first commercial office building in Arlington, Virginia to achieve LEED Platinum under the most current version of the U.S. Green Building Council’s Core & Shell certification program.

The building features 13,000 square meters of highly sustainable office and retail space, a fitness center, and a green roof terrace accessible to all office tenants. 1776 Wilson Boulevard is 90 percent leased. Including Skanska, current tenants are LMO Advertising, National Association of Chain Drug Stores, U.S. Civil Research & Development Foundation, Black & Veatch Corporation, Pier 1 Imports, and 100 Montaditos.

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 2013 revenues were SEK 43.5 billion. For further information, please contact:

Pamela Monastra, Senior Director SE Communications, Skanska USA, tel + 1 404 946 7533

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10-448 88 08

Direct line for media: tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.comSkanska 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 projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America.

Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.



This information was brought to you by Cision http://news.cision.com

http://news.cision.com/skanska/r/skanska-sells-office-building-in-virginia--usa--for-usd-90-m--about-sek-585-m,c9618518

The following files are available for download:

http://mb.cision.com/Main/95/9618518/268148.pdf 140718 US 1776

http://news.cision.com/skanska/i/skanska-us-1776,c1520771 Skanska-US-1776


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Cision


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters