Press release (regulatory)
Skanska sells land in Cambridge, UK, for GBP 35 M, about SEK 380 M
Skanska has sold the second plot of its UK residential development land bank for GBP 35 M, about SEK 380 M to Crest Nicholson. The transaction is recorded by Skanska UK in the second quarter of 2014.
The site is in the popular Trumpington area of Cambridge and is sold with planning permission for 274 homes. The land sale follows Skanska’s decision to focus its UK business on other investments, such as infrastructure and commercial developments.
Skanska UK reported revenues of about SEK 12 billion in 2013. It has around 5,200 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public-private partnerships, PPPs, also known as private-finance initiatives, PFIs.
For further information please contact:
Lizzie Sparrow, Communications, Skanska UK, tel +44 1923 423905
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.com
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