Skanska sells office building in Prague, Czech Republic, for EUR 50M, about SEK 480M
Skanska has sold the office building Five in Prague, Czech Republic, to a real estate fund managed by TRIUVA Kapitalverwaltungsgesellschaft for EUR 50M, about SEK 480M. The transaction will be recorded by Skanska Commercial Development Europe in the second quarter 2017, with the transfer of the property scheduled for the fourth quarter 2017.Five, which offers a total leasable area of 14,400 square meters, was commissioned for use in April 2017 and is already 100 percent leased. The office building is located near Anděl, one of the busiest and most desirable office and retail destinations