Skanska acquires Ilmet site in downtown Warsaw

Developer Skanska Property Poland has acquired a plot of developed land located near the ONZ roundabout in downtown Warsaw, which currently houses the Ilmet office building, as well as the Warsaw One project that UBS Real Estate, the previous owner of the property, was planning on the site. Arkadiusz Rudzki, the managing director of Skanska Property Poland, said that the purchase of the Ilmet building, which is located opposite the iconic Rondo 1 office tower, is another step in the company’s way to building a portfolio of the best sites in Warsaw. He added that the developer is still analyzing a number of options with regard to the planned redevelopment of the Ilmet site. The Ilmet building was completed in the late 1990s and comprises nearly 20,000 sqm of usable space. Meanwhile, according to Skanska, the site has the potential to house approximately 60,000 sqm of GLA. The Warsaw One scheme, which the Danish architectural studio Schmidt Hammer Lassen designed for UBS, calls for a building standing 188 meters tall. Skanska Property Poland is currently developing two large office projects – Generation Park and Spark – in the Wola district of Warsaw. Earlier this year, the company acquired a major plot of land on ul. Łucka in that district, where one of its future office developments will be located.

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