Union Investment buys office asset in Poland from Skanska

Union Investment has bought an office asset in Poland from developer Skanska for €62m.

Skanska said it has sold the Maraton building in Poznan, the capital of the Wielkopolska region, to the Hamburg-based manager.

It is the second deal between Skanska and Union in the Polish market, following the Dominikanski purchase in Wroclaw.

The 26,000sqm building takes Union’s portfolio to 16 properties in the office, retail and hotel sectors with a total value of around €1.6bn.

“Our strategy for Poland involves broad diversification of our real estate portfolio,” said Martin Schellein, head of investment management Europe at Union Investment Real Estate.

“The Poznan office market has excellent growth prospects, so we are delighted to hold such a high quality property in a central location.”

Tenants include Bridgestone, Century Link and REHAU.

“The activity of experienced international players in Poznan shows the growing maturity and liquidity of Poland’s regional markets,” said Adrian Karczewicz, head of CEE divestments at Skanska Commercial Development Europe.