Skanska sells office tower in Warsaw for €285m

Skanska sells office tower in Warsaw for €285m
Generation Park Y

Skanska has sold an office tower, Generation Park Y, in Warsaw, Poland to Hansainvest Real Assets for €285 million(about SEK 2.9 billion).

Generation Park Y is the third office building of the Generation Park complex, which comprises three office buildings with a total leasable area of around 88,000 square meters of offices and retail space and multiple parking lots.

Generation Park is Skanska’s largest office development project in Warsaw.

The property is Skanska’s first office skyscraper in Central and Eastern Europe and an example of the company’s commitment to ESG. The property has a leasable area of 47,600 square meters, and 100% of its office space is leased for ten years to leading Polish insurance company PZU for its headquarters.

The building, which was completed in the first quarter of 2021, had been designed and built according to ESG principles and in line with environmental and social aspects. It has already received recognitions to prove this in the form of: the LEED Core & Shell Platinum certificate and WELL Health & Safety Rating. Generation Park Y is also applying for WELL Core & Shell and Building without Barriers certification.