Grunwaldzki Center was Skanska's first commercial project in Wrocław Courtesy of RSCG Sensors

Swedish developer Skanska has sold its first Wrocław construction, Grunwaldzki Center.

The office building was purchased by German investment fund RREEF for €76.5 million, or about zł.318.5 million. Of that, zł.53 million was clear profit for Skanska.

“It is for us a great honor to be able to cooperate with RREEF, especially since Wrocław is the first regional urban center in Poland selected by the fund,” said Nicklas Lindberg, managing director of Skanska Property Poland.

“As a matter of fact, this is the first office buy/sell transaction outside Warsaw this year. This demonstrates the absorptivity of Wrocław and the potential for investment in the region.”

Grunwaldzki Center’s 27,000 sqm floor space is nearly entirely leased. Tenants include CEE restaurant operator AmRest, computer technology producer Hewlett Packard and banking firms Credit Suisse and Santander Consumer Bank.

Construction on the building in the center of Wrocław commenced in 2007 and finished in 2009. Since then, the building has attained the European Commission’s GreenBuilding certification, which officially recognizes that Grunwaldzki Center consumes 30 percent less energy than Polish regulation standard.

Skanska had previously developed Poland’s first GreenBuilding certified building, Deloitte House in Warsaw.

In Q2 2010, Skanska commenced construction on its second Wrocław development. Two 10-storey office buildings will make up Green Towers. The office complex will comprise 25,000 sqm of office space. It has been designed to meet Leadership in Energy and Environmental Design (LEED) certification standards.

The developer intends for all its future Polish constructions to be both LEED and GreenBuilding certified.