Developer Skanska has sold buildings “C” and “D” in the Silesia Business Park complex in Katowice to Philippine investor ISOC Group. The value of the transaction, in which the seller was advised by GVA and Colliers International and the buyer was advised by Augusta Cracovia and CBRE, amounts to €59 million.
“The CEE commercial real estate market has seen an increasing flow of newcomers from Asia, South Africa and the Middle East,” noted Adrian Karczewicz, head of divestments at Skanska’s commercial development unit in CEE. In 2016, Skanska sold a hotel in Warsaw to a Qatari investor and now it has secured its first partner from the Philippines, he said.
The sold buildings offer 12,300 sqm of leasable space each and are currently over 70% commercialized with their tenants including PwC and Accenture. The entire Silesia Business Park complex is comprised of four buildings. Buildings “A” and “B” were sold in 2015 to a Swedish investor.