Skanska makes 500 million kronor profit in property sale

Skanska AB said it has sold five commercial properties in Sweden for 750 million kronor - realising a profit of 536 million kronor, which will be reported in its second quarter results.

One of the properties is in Malmö and four are in Stockholm. They are a mixture of office, shop, hotel and storage premises.

All of the properties will be transferred on May 16th, said Skanska in a press release.