ARTICLES LABELLED WITH TAG Skanska

As a response to continued strong demand from tenants in Budapest and Bucharest, Skanska plans to launch several new projects in both capital cities. Marcin Łapiński, Managing Director for Hungary and Romania talked to Property Forum about the differences between the two markets.

The Board of Directors has appointed Anders Danielsson new President and CEO of Skanska. He will succeed Johan Karlström who previously announced he will step down.

Skanska plans to launch the construction of one new office building per year in Budapest. The construction of Mill Park is currently underway and works on the third phase of Nordic Light are to be launched in January 2018.

Hansainvest Real Assets GmbH has acquired Generation Park X, the first building of Generation Park, a prime office project located in Warsaw, Poland. It is the investor’s second acquisition in Poland, as well as its second from Skanska. The transaction volume was around €83 million.

Skanska has commenced the third building of its Krakow-based High5ive office project. During the construction works, the company will also develop an underground garage for the fourth building. High5ive, developed in the very heart of the city, will ultimately consist of five buildings and deliver 70,000 sqm of office space. The whole project will contribute to an interestingly managed and thought-out urban area in Krakow.

Triuva Kapitalverwaltungsgesellschaft (Triuva) has acquired the Green Day office building in Wroclaw, Poland from a Luxembourg fund advised jointly by GLL Real Estate Partners GmbH (GLL) and Investec Bank PLC. The purchase price is believed to be in the region of €48.5 million.

Skanska invests €27 million in the office project Praga Studios in Prague. The seven-floor building will offer a total leasable area of about 12,000 square meters. Construction has begun and the office building is scheduled for completion in Q2 2019.

Skanska has acquired the Key office project in Prague’s Pankrác district from ČSAD Praha Holding for an undisclosed sum. The developer plans to start construction works before year-end.

Skanska has launched the construction works of the Nowy Rynek office project in Poznan, Poland, A new city quarter, together with a market located in a complex of multi-functional buildings, will be developed on an area of 3.8 ha on the crossroads of Matyi and Wierzbięcice Streets. Furthermore, it will constitute one of the biggest urban enterprises in the history of Poznan as well as being Skanska's most complex developer project to date in Poland. During the first phase of construction works, the company will develop an office building offering 25,000 sqm of modern space. The first phase is expected to be delivered in Q2 2019.

Globalworth Real Estate Investments announced the completion of the previously announced acquisition of Green Court Bucharest Building C. The transaction was effected through the acquisition of 100% of the shares of SPC Epsilon Property Development Company s.r.l., the company owning the asset, for a consideration paid to Skanska of approximately €38 million.