Skanska has sold two office assets in Wroclaw and Krakow to real estate funds managed by Credit Suisse Asset Management Global Real Estate. The first building, Nowy Targ in Wroclaw, totals of 22,800m² and offers 195 underground parking places. Its scheme is already fully leased to a range of companies including Tillberg Design of Sweden and SpyroSoft. The second asset, High5ive in Krakow, is one of the city’s most successful office developments, located in direct proximity of Krakow’s main railway station and the Galeria Krakowska shopping centre. The divested segment of the High5ive office complex provides a total leasable area of 37,500m² and 414 parking places. The two buildings are highly efficient and technically and practically independent to provide additional flexibility.
“Nowy Targ and High5ive are best-in-class assets built in prime locations in Wroclaw and Krakow. Top office buildings in Poland aren’t just found in Warsaw, but also in other regions and cities. There is a vast variety of investments to choose from and this brings in a lot of interest from investors who are willing to invest in more than one location and further diversify their investment portfolios. Skanska sees this potential and is present in seven cities across Poland. We have observed that the markets in Wroclaw and Krakow have become attractive for investors due to their favourable conditions and impressive scale of business development,” said Adrian Karczewicz, Head of Divestment at Skanska commercial business unit in CEE.
“This portfolio of three prestigious office buildings in Wroclaw and Krakow is characterized by sustainable, high-quality construction and are in very attractive locations,” commented Francisca Farina Fischer, Head of Real Estate International at Credit Suisse Asset Management. “Furthermore, Poland is a dynamic and liquid real estate market.”