Skanska Sells Office Building in Prague for EUR 55 M

Praga Studios.

Image: Tomas Hejzlar

Skanska Sells Office Building in Prague for EUR 55 M

Sweden — Skanska has sold the Praga Studios office building in Prague to a client of CBRE Global Investors for EUR 55 M, about SEK 585 M. The transaction will be recorded by Skanska Commercial Development Europe in the third quarter of 2019. The transfer of the property is scheduled for the fourth quarter of 2019.

2019-08-01

Praga Studios offers a total leasable area of around 12,000 square meters and is fully leased by Edwards Lifesciences, a leading global medical equipment company and other tenants including a co-working operator and IT companies.

The building contributes to the local community with a publicly accessible lobby designed to host concerts, theaters or art exhibitions and with a community garden that offers a place for gardening and relaxation to the neighborhood. The property is expected to receive LEED Platinum and WELL Core & Shell certifications. The building was completed in the second quarter of 2019.

Eddie Ekberg

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