Skanska divests office project in Copenhagen, Denmark, for DKK 917M, about SEK 1.2 billion

The multitenant office project “CPH Highline” covers approximately 17,000 square meters offices and 167 parking lots. It has a very sustainable profile, with innovative solutions and will be DGNB gold certificated. The project was completed in December 2020 and is at divestment 93 percent leased. The tenants include SAS Institute, Global Connect and Nordnet Bank.

The building is located at Havneholmen in central Copenhagen, where Skanska during a decade has developed several office buildings and more than 330 residential units.

Skanska is one of the leading construction- and project development companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 66 billion and about 14,800 employees in its Nordic operations during 2020.