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Skanska Divests Office Development in Boston, for USD 452M, about SEK 3.8 Billion

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ÖSTERSUND, Sweden--(BUSINESS WIRE)--Regulatory News: Skanska (STO:SKAB) has sold its 101 Seaport office development for USD 452 million, about SEK 3.8 billion, to Union Investment Real Estate GMBH. The divestment will be recorded by Skanska USA Commercial Development in the first quarter of 2016. The 41,000-square meter office building is 17 stories high and has almost 2,000 square meters of ground-floor retail. The project, which is LEED Platinum certified, was developed and built by Skanska.


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