HANSAINVEST acquires Warsaw office tower for €285m

HANSAINVEST Real Assets has acquired Generation Park Y in Warsaw, for €285 million ($322 million), which makes it the largest office sale in the history of Skanska’s commercial development business unit in Central and Eastern Europe (CEE) and the largest sale in the office sector in CEE in 2021. Generation Park Y is HANSAINVEST Real Assets’ fourth acquisition from Skanska. And it was Skanska’s first skyscraper in CEE.

Generation Park Y is a 38-story building crowning Skanska’s largest office- development project in Warsaw. It is located at Rondo Daszynskiego (Wola District), with a total leasable area of about 88,000 square meters (947,224 square feet). The tower has a leasable area of 47,600 square meters (512,362 square feet) and 100 percent of its office space is leased for 10 years to Polish insurance company PZU for its headquarters.

Generation Park Y, which was completed in first quarter 2021, was designed and built according to ESG principl