News Article Skanska sells Prague office building for €50 million
by Ákos Budai | Investment

Skanska has sold the office building Five in Prague, to a real estate fund managed by TRIUVA Kapitalverwaltungsgesellschaft for €50 million. The transaction will be recorded by Skanska Commercial Development Europe in Q2 2017, with the transfer of the property scheduled for Q4 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 office and retail destinations in Prague 5, in close vicinity to Riverview – one of Skanska’s former office developments in the city. 
 
Five is equipped with numerous green solutions and is expected to receive LEED Platinum certification.