Swedish construction and property group Skanska has sold the second building from the Spark office complex located in Warsaw, Poland, to private real estate firm Stena Fastigheter for €70 mln (SEK 720 mln).
The transaction represents Stena’s first property acquisition in Central and Eastern Europe. The transfer of the property is scheduled for the first quarter of 2021.
This is the second phase of the Spark office complex, a part of a three-building office complex. It is located in the heart of Wola, one of the fastest growing business and office districts in Warsaw. The building consists of approximately 19,000 m2 and about 85% is leased to international as well as domestic tenants including UPC Polska, PCF Group, PKO Faktoring and INC Research (Syneos).
The property was completed in the first quarter of 2019.
‘In these uncertain times, trust and partnerships are important capital. We are very glad that Stena is entering the CEE market and is doing so with a longstanding partner like Skanska. Our continuous goal is to deliver safe, healthy, green and innovative, future-proof workplaces, and the Spark office complex is one of them,’ said Arkadiusz Rudzki, executive vice president of Leasing & Sales at Skanska commercial development business unit in CEE.
‘We are excited to acquire the Spark B building – a smart and sustainable office building situated in the fastest growing business and office districts in Warsaw. We´ve been looking to enter Poland and Warsaw for some time and the Spark B building fits the perfect picture, it´s modern, future proofed and certified by LEED Platinum and built to comply with WELL Gold,’ added Cecilia Fasth, CEO at Stena Fastigheter.
