Warsaw office building sold in largest regional deal this year

Skanska, a real estate and construction group, has sold an office building in Warsaw for EUR 285 million, the largest sale in the office sector in Central Europe in 2021.

"Skanska sold the Generation Park Y office building in Warsaw to Hansainvest Real Estate," the company said in a press release published on Thursday.

"This is the largest office sale in the history of Skanska's office development unit in Central Europe and, at the same time, the largest sale in the office sector in this part of Europe in 2021," Skanska said.

Generation Park Y, a 38-storey building, located in Warsaw's Wola district, has a total leasable area of around 88,000 sqm.