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Skanska divests the office building Nowy Rynek D in Poznan, Poland, for EUR 121M, about SEK 1.3 billion

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Skanska has divested the office building Nowy Rynek D in Poznan, Poland, to Eastnine for EUR 121 million (approximately SEK 1.3 billion). The transaction will be recorded in Q2 2022, with the property transfer occurring immediately. Nowy Rynek D features around 39,000 square meters of leasable area, with 96% leased to major tenants, including Allegro and Rockwool. The building has received multiple certifications, including WELL Health & Safety, and is pursuing LEED Core & Shell certification. This marks Skanska's third commercial development in Poznan.

Positive
  • Divestment of Nowy Rynek D generates EUR 121 million, providing liquidity.
  • High occupancy rate of 96% with strong tenants enhances asset value.
  • Building has received WELL Health & Safety and Building without Barriers certifications.
Negative
  • None.

ÖSTERSUND, Sweden, May 6, 2022 /PRNewswire/ -- Skanska has divested the office building Nowy Rynek D in Poznan, Poland, to Eastnine for EUR 121 M, about SEK 1.3 billion. The transaction will be recorded by Skanska Commercial Development Europe in the second quarter 2022. The transfer of the property will take place immediately.

The D building is part of Skanska's Nowy Rynek office complex and has a leasable area of around 39,000 square meters, of which 96 percent of the office and retail space is leased. The anchor tenant is Allegro, the largest e-commerce platform of European origin. Office space have also been leased, among others, by tenants with strong, global brands like Rockwool and Arvato.

The building has received the WELL Health & Safety and Building without Barriers certifications and is the first investment in Poznan applying for a WELL Core & Shell certificate. It is also expected to obtain a LEED Core & Shell certificate. The construction was completed in the second quarter of 2021.

Nowy Rynek is a mixed-use project located in the central business district in Poznan. Once fully completed, it will offer approximately 100,000 square meters of useable space in five buildings. Nowy Rynek is Skanska's third commercial development in Poznan. While the investment includes a number of innovative solutions, it also aligns with the tradition and character of its location.

CONTACT:

For further information please contact:

Magdalena Ujda-Tarczyńska, Corporate Communications Manager, Skanska Commercial Development Europe, tel +48 519 500 603

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-divests-the-office-building-nowy-rynek-d-in-poznan--poland--for-eur-121m--about-sek-1-3-bill,c3561930

The following files are available for download:

https://mb.cision.com/Main/95/3561930/1575935.pdf

20220506 PL divestment Nowy Rynek D ENG

https://news.cision.com/skanska/i/image-20220506-pl-nowy-rynek-d,c3046806

Image 20220506 PL Nowy Rynek D

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SOURCE Skanska

FAQ

What is the value of the Skanska Nowy Rynek D divestment?

Skanska divested the office building Nowy Rynek D for EUR 121 million.

When will the Nowy Rynek D transaction be recorded?

The transaction will be recorded in the second quarter of 2022.

What is the size of the Nowy Rynek D building?

Nowy Rynek D has a leasable area of approximately 39,000 square meters.

Who are the tenants of Nowy Rynek D?

Major tenants include Allegro, Rockwool, and Arvato.

What certifications has Nowy Rynek D received?

The building has received WELL Health & Safety and is pursuing LEED Core & Shell certification.

SKANSKA AB S/ADR

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