Saturday, October 12, 2024

Skanska Sells Warsaw’s Studio B to Stena Real Estate AB for €86 Million

REAL ESTATESkanska Sells Warsaw's Studio B to Stena Real Estate AB for €86 Million

Skanska has signed an agreement to sell its Warsaw project, Studio B. The buyer is Stena Real Estate AB, an international real estate entity belonging to the Swedish Stena Group. Designed and built according to ESG principles, this building enhances the Wola district with not only timeless architecture but also sustainable construction. This is the third transaction between the two parties in Central and Eastern Europe.

Studio B is part of an office complex designed by Danish firm Arrow Architects and Polish Group 5 Architects. The building offers 17,600 sqm of sustainable and innovative space. The office space was fully leased before obtaining the occupancy permit, attracting well-known global brands such as Societe Generale Group, C.H. Robinson, Unum Życie, and Business Link.

Studio B is located between two metro stations, Rondo ONZ and Rondo Daszyńskiego, and is near numerous retail and service points. It is one of the few latest-generation projects in this rapidly developing part of Warsaw that maintains a cozy character. Upon completion, the complex will offer recreational areas, including a publicly accessible plaza with small architecture, rain gardens, and retention basins for water collection.

“The sale of Studio B is evidence of the unwavering interest in high-quality, sustainable office products located in dynamic, vibrant locations. It also confirms a positive shift in the investment market regarding demand. We are pleased that Skanska can lead in offering such innovative and timeless investments,” says Katarzyna Zawodna-Bijoch, President and CEO of Skanska’s commercial development business unit in Central and Eastern Europe. “This is the third transaction and the fourth building sold as part of our long-term cooperation and partnership with Stena Real Estate AB, based on shared values and strong commitment to ESG,” adds Katarzyna Zawodna-Bijoch.

“We continue to expand our portfolio in Poland by investing in durable assets in the most attractive locations. Poland, especially Warsaw, is characterized by high GDP and attracts tenants from various parts of the world due to its well-educated workforce and intense urban development. This makes the market dynamic and attractive for investment,” says Sofia Granlund, Managing Director of Stena Real Estate AB.

“Studio B offers top-quality spaces adapted to various work models and solutions that support tenants in achieving their ESG policies. Combined with a great location and innovations within the building, we have a product that stands out in the highly competitive Warsaw office market,” says Mariusz Krzak, Vice President of Operations in Poland and the Czech Republic at Skanska’s commercial development business unit. “The trust that tenants and investors place in us is the best proof that our strategy of creating user-friendly, functional projects that support sustainable development goals is the right one,” adds Mariusz Krzak.

Sustainable Solutions, Excellent Location, and Timeless Architecture

Studio B has been built to meet the requirements of major industry certifications: LEED Platinum, WELL, and Barrier-Free Facility. The building features employee-friendly solutions, including air conditioning based on quiet cooling beams and adiabatic humidifiers that keep the air clean and fresh. Studio B utilizes a daylight intensity control system that adjusts the intensity of interior lighting to external conditions. The project also uses innovative low-carbon concrete, which emits 46% less CO2 than traditional concrete mixes on average.

One of Studio B’s advantages is its excellent location, with convenient access not only to metro stations but also to an extensive network of trams and buses. Another asset is the surrounding bike infrastructure, allowing for easy commuting from all parts of Warsaw.

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