Swedish property and construction group Skanska has sold the Studio B office building in Warsaw, Poland, to Stena Real Estate, one of Sweden's largest private property companies, for €86 mln.
The deal is the third transaction between the two parties in Central and Eastern Europe (CEE).
Studio B is a part of an office complex designed by Danish Arrow Architects and Polish Grupa 5 Architekci. It encompasses 17,600 m2 of sustainable office space which was fully leased before getting the occupancy permit. Strong, global brands, like Societe Generale Group, C.H. Robinson, insurance company Unum Zycie and Business Link, are the main tenants in the building.
'This is proof of a positive shift in demand in the investment market. We, as Skanska, are proud to be at the forefront of offering such quality and future-focused developments,' said Katarzyna Zawodna-Bijoch, President & CEO at Skanska’s commercial development business unit in CEE.
'We are continuing to grow our portfolio in Poland with a sustainable asset in an absolute prime location. Poland and Warsaw have a strong GDP and attracts tenants from various part of the world with well educated people and strong urbanization why we see it as a dynamic and attractive market to invest in,' added Sofia Granlund, MD of Stena Real Estate.
