Dentons' real estate team has advised Skanska Property Poland on the sale of four office buildings to a fund managed by the Swedish fund manager Niam. The deal was the largest sale transaction completed this year in the office sector in CEE and Skanska’s largest ever project in the region.
Skanska’s portfolio of 63,000 sq.m. includes two projects in Krakow - Kapelanka 42 A and Axis, as well as buildings A and B in the Silesia Business Park complex in Katowice.
Kapelanka 42 was Skanska's first investment in Krakow. Building A, totaling 18,000 sq.m., was put into operation in the third quarter of 2014. Axis, Skanska's second office project in Krakow, is planned to be completed in the fourth quarter of 2016. It comprises 21,000 sq.m. of total gross leasable area and is nearly 50 percent let.
The Silesia Business Park complex, Skanska’s first project in Katowice, will ultimately comprise four office buildings with a GLA of 12 000 sq.m. each. Building A was officially opened in February 2015; and in September it obtained LEED Gold certification. Building B will be put into operation in the second half of October 2015.
The Dentons team was led by Paweł Dębowski, Chairman of the European Real Estate Group, and included Counsel Bartłomiej Kordeczka and Associate Anna Kopytowska.
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