Sweden —
Skanska has sold the first phase of the Spark office complex in Warsaw to a real estate fund of KGAL Investment Management GmbH & Co. KG. The value of the transaction is worth EUR 48M. The transaction will be recorded by Skanska Commercial Development Europe in the third quarter of 2018, with the transfer of the property scheduled for the fourth quarter 2018.
The building that has been sold offers a total leasable area of around 13,000 sqm.
When completed, the Spark office complex will comprise three buildings with a total leasable area of over 70,000 square meters. In the third phase of the project, a 130-meter high skyscraper will be built.
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