Skanska sells Generation Park offices in Warsaw for €83 mln

Developer Skanska has sold building “X” in its Generation Park office project in Warsaw to German investor Hansainvest Real Assets with the transaction being valued at €83 million. This is the second acquisition to have been made by Hansainvest in the office property market in Poland. In December last year, the investor bought the Atrium 2 building in the downtown of the Polish capital, which was also developed and sold by Skanska. The newly transacted building “X” of the Generation Park scheme was completed earlier this month and comprises 21,000 sqm of space. It will be anchored by Citi Service Center Poland that has leased almost 19,000 sqm in the property. The entire development, which is located in the Rondo Daszyńskiego area in the Wola district of Warsaw, will consist of three buildings and comprise 84,000 sqm of leasable space.