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Skanska to Construct Luxury Condominium in Jacksonville, Florida

Press release 9/21/2007 6:00 PM EST

Skanska USA Building Inc. has been contracted to build a 38-story condominium tower in Jacksonville, Florida. The contract amounts to USD 50 M, about SEK 345 M, which is included in order bookings for the third quarter of 2007. The customer is the Arch Insurance Company jointly with the XL Insurance
Company.