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Skanska invests commercial projects in Poland and Czech Republic

Swedish Skanska AB is starting three new commercial development projects in Central Europe totaling about 620 million kronor ($91.45 million).

The second phase of Marynarska Point in Warsaw is being developed and built. The investment amounts to about 300 million kronor ($44.25 million). The office building comprises approximately 14,000 square meters and is located in the expansive Mokotov business district. Skanska AB has also started its first office project in Wroclaw. The first phase of the Grundwaldzki Center in central Wroclaw comprises about 11,000 square meters. Skanska's investment amounts to about 200 million kronor ($29.5 million). At the same time, a 5,000-square-meter office project, Vysehrad Victoria, is being started in the Czech capital, Prague.

Skanska's investment amounts to 120 million kronor ($17.17 million)
Skanska already has two ongoing investment projects in Central Europe. The first phase of the Marynarska Point project is being constructed in Warsaw comprising about 13,000 square meters and will be completed during the first quarter of 2008. In the Hungarian capital, Budapest, Népliget Center, a 10,000-square-meter office center, is under way. It will be completed for occupancy during the Q1 of 2008. Skanska is one of the world's leading construction groups. (