Transactions - MARCH 25, 2020

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Skanska sells Warsaw office building for €98m

by Andrea Zander

Skanska has sold Generation Park Z office building in Warsaw to Deka Immobilien for €98 million ($106 million).

This is the buyer’s fourth acquisition with Skanska in Central and Eastern Europe.

Generation Park Z is part of the Generation Park office complex located in the heart of Warsaw. The three-building complex offers 87,000 square meters (936,000 square feet) 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 approximately 19,000 square meters (205,0000 square feet) and 110 underground parking places for cars, as well as 102 for bikes. It offers convenient infrastructure for cyclists and runners, including showers and changing rooms.

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