Skanska sells Nowy Rynek E in Poznań for over €79 million

11
Jun
2024
News - Skanska sells Nowy Rynek E in Poznań for over €79 million #Eastnine #investment #office #Poland #Poznań #Skanska

by Property Forum | Investment

Skanska has sold the Nowy Rynek E office building constructed in the Wilda district of Poznań, Poland. The buyer is Eastnine AB, a Swedish real estate company focused on office premises in prime locations at selected markets in the Baltics and Poland. This is the second transaction between these two parties in Central and Eastern Europe. 


Building E is part of a complex that will ultimately offer a total of around 100,000 sqm of office space, which is equivalent to the size of 14 football pitches. It will consist of five buildings connected by a full of trees internal patio. Nowy Rynek is located just next to Poznań Główny railway station and at the intersection of major transportation lines. Thanks to the tram and bus stops as well as a network of cycle paths, commuting to work is not only easy but also has a lower carbon footprint.

Nowy Rynek E offers 28,800 sqm of office space. Its façade has been designed to allow as much natural light as possible, while at the same time protecting against adverse weather conditions and improving the building's energy efficiency. This solution complements several others used in the building, which have been designed in accordance with ESG principles.

"After the recent transaction involving Studio B, this is yet another proof that we are witnessing a positive change in the real estate investment market. By focusing on the needs of tenants and providing spaces that enhance productivity and well-being, we ensure strong demand for our properties even in challenging market conditions", says Adrian Karczewicz, Head of Divestments at Skanska’s commercial development business unit in CEE. "Our properties are designed to secure long-term value for tenants and investors and to support them in achieving sustainable development as well as financial goals", adds Adrian Karczewicz.

"Acquisition of Nowy Rynek E is a natural step for our further expansion in the vibrant Poznań market. By adding building E to our existing building D in the Nowy Rynek campus, we will be able to become a leading long-term provider of sustainable and high-quality venues, where creative ideas can flourish, people can meet and business can grow", says Kestutis Sasnauskas, CEO of Eastnine AB.

"Nowy Rynek is a very special place and already a landmark on the business map of Poznań. We have created a thoughtful concept alluding to the city’s numerous markets and squares and got an excellent reception from city residents. Building E is a symbol of this complex and also a great commercial success. Thanks to the highest quality office spaces and great exposure, it is almost 90% leased by top global and Polish brands. It is not only a workplace for around 10,000 employees, but also a city-forming project, mixing the history with innovative, sustainable solutions. We are extremely pleased and proud that we’ve managed to bring this quarter back for Poznan and its citizens", says Paweł Warda, EVP Operations Poland at Skanska’s commercial development business unit in CEE. "This is already our second transaction with Eastnine AB in CEE. The previous one also involved the building from our flagship Poznan project. This is the best proof that Skanska’s commitment to high-quality, sustainable developments ensures our assets remain attractive", adds Paweł Warda.

Nowy Rynek E uses technologies that reduce potable water consumption by up to 64%. The building's infrastructure also allows for the collection of rainwater and grey water, which is water that has been used once and can be reused, for example, to flush toilets. The building uses over 30% less energy thanks to solutions such as innovative LED lighting. More than a quarter of the materials used in the construction of the office building contained recycled content. These include concrete, steel, aluminium, glass, and insulation. 

Tenants benefit from a ventilation system with high-end filters providing as much as 30% more fresh air. With the proper facade of the building, the rooms get the maximum amount of natural light, and the whole structure is less exposed to external factors, thus enabling more rational energy management.

A specific feature of the Nowy Rynek office complex is the inner patio featuring plenty of greenery, accessible to everyone. There is a fountain in its southeastern part and pergolas in the corners. Near one of them, graduation towers have been erected. The spatial development of the square is complemented by street furniture highlighted by garden lamps, as well as equipment for the youngest users to play.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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