Credit Suisse AM acquires Polish office portfolio for €214m

Skanska has sold two office assets in Wroclaw and Krakow, Poland, to real estate funds managed by Credit Suisse Asset Management Global Real Estate for €214 million ($236 million).

The first building, Nowy Targ in Wroclaw, totals of 22,800 square meters (245,000 square feet) and offers 195 underground parking places. Its scheme is already fully leased to a range of companies including Tillberg Design of Sweden and SpyroSoft.

The second asset, High5ive in Krakow, is one of the city’s most successful office developments, located in direct proximity of Krakow’s main railway station and the Galeria Krakowska shopping center. The divested segment of the High5ive office complex provides a total leasable area of 37,500 square meters (404,000 square feet) and 414 parking places. The two buildings are highly efficient and technically and practically independent to provide additional flexibility.

“Nowy Targ and High5ive are best-in-class assets built