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Benzinga
Benzinga
Business
Akanksha Bakshi

Skanska Divests Generation Park Y Building In Poland For €285M

  • Skanska ADR (OTC:SKBSY) divested the third office building of the Generation Park complex in Warsaw, Poland, to HANSAINVEST Real Assets, for €285 million (~SEK 2.9 billion).
  • The property has a leasable area of 47,600 square meters and is 100% leased for ten years to Polish insurance company PZU for its headquarters.
  • The Generation Park complex comprises three office buildings with a total leasable area of around 88,000 square meters of offices, retail space, and multiple parking lots.
  • Skanska Commercial Development Europe will record the transaction in the fourth quarter of 2021. The transfer of the property is scheduled for 3Q22.
  • Price Action: SKBSY shares closed lower by 1.97% at $25.32 on Wednesday.
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