Skanska sells office project in Krakow, Poland, for EUR 29 M, about SEK 263 M

Skanska has sold one of the buildings of its office project Kapelanka 42, Krakow, Poland. The building was acquired by a special purpose vehicle of REINO Dywidenda FIZ, the first dividend real estate closed-end investment fund set up and managed by REINO Partners. The value of the transaction totals EUR 29 M, about SEK 263 M. The sale will be recorded in the fourth quarter 2014 and the transfer of the property is also scheduled for the fourth quarter 2014.

Kapelanka 42 is the first project developed by Skanska Property Poland in Krakow. The total leasable area of this A class office complex, comprising two buildings, is around 30,000 square meters. The sold building offers approximately 11,700 square meters of leasable area. It was completed in the second quarter 2014 and is already 88 percent leased, attracting top brands tenants such as Tesco, Apriso and Sygnity.

Both buildings are LEED Gold precertified.

Skanska Commercial Development Europe initiates and develops property projects in office and commercial buildings. The company’s operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.

For more information, please contact:

Aleksandra Markiewicz, Communications Coordinator, Skanska Property Poland, tel: +48 797 229 147

Edvard Lind, Head of Media Relations, Skanska AB, tel: +46 10 448 88 08

Direct line for media, tel:  +46 10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America.

Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.

About Us

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

Subscribe