Skanska sells four office buildings

Skanska Commercial Development Europe has sold a portfolio of four office buildings in two Polish regional cities, a press release read. A fund managed by the Swedish fund manager Niam has purchased two investments in Kraków: Kapelanka 42 A and Axis, as well as buildings A and B at the Silesia Business Park complex in Katowice. This is the largest sales transaction conducted this year in the CEE office market and the largest transaction in the history of Skanska's activity in this region, the press release also read, however, the value of the transaction has not been disclosed. The entire portfolio encompasses 63,000 sqm of GLA. "Regional cities continue to strengthen their position on the CEE investment map, especially in Poland, where almost 60% of transactions in the first half of 2015 were concluded outside of the capital. Investors increasingly appreciate the economic potential of these locations," Skanska stressed.