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Skanska looking to buy land for development

16th December 2013
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After completing sales of four office projects this year worth nearly €300 million combined, Skanska is gearing up to buy more land for developing office schemes. 

Atrium 1 was purchased by German real estate fund Deka-Immobilien Global for nearly €100 million
Courtesy of Skanska

In 2014 we aim to purchase four new plots of land for office projects, at least one in Warsaw and three in regional cities,” Waldemar Olbryk, CEO of Skanska said.

This year the developer sold Green Towers for €64 million and Green Day for €43.4 million, both schemes located in Wrocław. It also found buyers for two Warsaw-based projects: a two-building complex – Nordea House and Corner Green – for €94.6 million, as well as Atrium 1, which was purchased by German real estate fund Deka-Immobilien Global for €94 million.

Skanska is currently constructing several office projects in major Polish cities: the 30,000-sqm Kapelanka 42 in Kraków, due in 2014; the 35,000-sqm Dominikański in Wrocław, slated for 2015; and the over 40,000-sqm Silesia Business Park in Katowice, launched in May this year. It is also in the preparatory stages of an office development near the Rondo Daszyńskiego roundabout in Warsaw.

In early December the developer also signed an agreement to build an office building which will house a branch of Poland’s Office of Technical Inspection in northeastern city of Białystok. The construction work is scheduled to be finished in mid-2015.


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