20:28 23 March 2020
Skanska sells office building in Warsaw for € 98 mln
Skanska has sold Generation Park Z office building in Warsaw to Deka Immobilien, one of Europe’s leading real estate investment managers. This is the buyer’s fourth acquisition with Skanska in Central and Eastern Europe.
“Office sector remains one of the safest in the volatile market situation,” believes Katarzyna Zawodna-Bijoch, President and CEO of Skanska commercial development business in Central Eastern Europe.
Generation Park Z is part of the Generation Park office complex located in the heart of Warsaw. The three-building complex offers ca. 87,000 sqm and benefits from very good transportation options including the second metro line, trams and buses in the immediate proximity to the Daszyńskiego Roundabout. Generation Park Z is fully leased to Vistra and Crido, among others. The property comprises a total leasable area of approx. 19,000 sqm and 110 underground parking places for cars, as well as 102 for bikes.
In 2019, seventeen new buildings were delivered with a total volume of 162,000 sqm and Generation Park Z was one of the three largest office developments among them, according to JLL.
(WBJ)
