Skanska renews its confidence in Coor Service Management

Coor Service Management has extended its agreement with Skanska Kommersiell Utveckling Norden AB by three years. The agreement covers delivery of property-related service for just over 250,000 square metres of administrative real estate. The order is estimated to be worth approximately SEK 15 million a year.

Skanska Kommersiell Utveckling Norden AB initiates, develops and invests in commercial real estate.

In addition the company owns a number of administrative properties in Sweden, and since 2000 it has transferred responsibility for technical administration in large parts of its real estate portfolio to Coor Service Management.

"Skanska Kommersiell Utveckling is one of our very first clients, which is why it's particularly pleasing that they've renewed their confidence in us. We will now harness this confidence in the best possible way by developing our property-related service to ensure it provides optimum support for Skanska Kommersiell Utveckling," says Ulf Wretskog, Vice President of Coor Service Management in Sweden.

The delivery includes responsibility for carrying out and developing ongoing technical administration and planned maintenance.

"We want to concentrate our resources on developing and maximising the real estate projects we've initiated, and we think it's only natural to assign responsibility for operational administration to an external supplier. We have worked with Coor for several years, and our joint ambition is to assure healthy, efficient administration of our properties in the long term," says Cecilia Fasth, President of Skanska Fastigheter Göteborg.

For further information, please contact:

Ulf Wretskog, Vice President, Coor Service Management Sweden,
phone: +46 (0)70-590 66 04

Åsvor Brynnel, Head of Corporate Communications, Coor Service Management,
phone +46 (0)70 600 73 21