Skanska sells Warsaw eco-offices to RREEF

Skanska Property Poland, an arm of the Swedish construction company, has sold a newly completed office complex in the Polish capital to asset managers RREEF Real Estate for €94.6m, representatives have confirmed.

The complex - in Warsaw’s central business district – has a total leasable area of 27,000m² and includes both Nordea House and Green Corner offices blocks. The first tenants officially moved in during the last month of the year, shortly before the deal is believed to have been finalised on December 28.

Both properties are part of a wider investment strategy by Skanska in Poland, which has included spending up to €155m over the past two years on five projects, totalling 116,000m of sustainable, LEED certified office space.

Tenants have been eager to secure space as quickly as possible, with bankers Nordea Group taking over 7,600m² in what has now been coined Nordea House. International professional services network Grant Thornton and commercial property managers Jones Lang LaSalle have also taken up space in Nordea house, giving the project a total occupied area of 95%.

Green Corner has been leased to a Polish central administration authority in full, with both properties currently under the management of Jones Lang LaSalle.

The complex has been pre-certified with LEED’s highest eco-rating of platinum for its range of sustainable solutions and easily accessible location in the upcoming business district of Wola. The measures are designed primarily to improve working conditions and save on utility costs in the long-term.

Waldemar Olbryk, President of Skanska Property Poland, commented: “The fact that Nordea House and Green Corner, which had been quick to find tenants, were sold soon after completion once again shows that our sustainable buildings are widely recognized as attractive workplaces and excellent investment opportunities which provide long term value”.

Despite the central location and extensive transport links of the complex at present, interest is likely to be buoyed as a result of the planned opening of Warsaw’s second underground line, which is set to include a station within the immediate vicinity of the station.

The agent in the current sale was Colliers International.