Swedish multinational builder-developer Skanska has sold a refrigerated logistics terminal that it developed and built in Helsingborg, Sweden, for approximately $24m (SEK 200 million) to an investment consortium led by NRP, it announced yesterday.
The divestment will be recorded by Skanska Commercial Property Development Nordic in the first quarter 2021, when the transfer of the property also takes place.
The property in the eastern part of coastal city is fully let to Bring Frigo AB and comprises a modern refrigeration and freezing terminal of approximately 10,800 sq m.
It is located next to the junction E4/E6/E20, which connects Copenhagen with Oslo and Stockholm.
Skanska said it has ongoing development plans for the area.
Bumper windfalls in commercial real estate sales helped Skanska realise just over $1bn in profit in 2020 when most other major European contractors posted losses owing to Covid-19.
Despite a 10% fall in operating revenue for the year, the company reaped $860m from commercial real estate divestments.Â
Image: The property in Helsingborg is let to Bring Frigo AB and comprises a modern refrigeration and freezing terminal of approximately 10,800 sq m (Courtesy of Skanska)