News Article Skanska sells office building in Warsaw for €70 million
by Property Forum | Office

Skanska has sold the second building from the Spark office complex in Warsaw to Stena Fastigheter AB, one of Sweden's largest private real estate companies and part of the privately owned Stena Group.


For the Swedish investor it is the first property acquisition in Central and Eastern Europe. It is the second office building in the Polish capital sold by Skanska this year.

“In these uncertain times, trust and partnerships are important capital. We are very glad that Stena is entering the CEE market and is doing so with a longstanding partner like Skanska. Our continuous goal is to deliver safe, healthy, green and innovative, future-proof workplaces, and the Spark office complex is one of them. This is the second office building in Warsaw we have sold this year. After the divestment of Generation Park Z in March, we have been offering our other assets while observing the growing interest in core offices on the market in the latter part of the year. I believe that nowadays quality and safety is key from the tenants’ and investors’ perspectives. Skanska provides both,” said Arkadiusz Rudzki, Executive Vice President of Leasing & Sales at Skanska commercial development business unit in CEE.

“We are excited to aquire the Spark B building – a smart and sustainable office building situated in the fastest growing business and office districts in Warsaw. We´ve been looking to enter Poland and Warsaw for some time and the Spark B building fits the perfect picture, it´s modern, future proofed and certified by LEED Platinum and built to comply with WELL Gold,” says Cecilia Fasth, CEO at Stena Fastigheter AB.

The Spark office complex is located in Warsaw City Center West, the most desirable and dynamically growing business area in Warsaw. The sold building has a total leasable area of approx. 19,000 sqm and 144 underground parking places. The property has international, as well as domestic tenants including UPC Polska, PCF Group, PKO Faktoring, and INC Research (Syneos).