Eurobuild Awards
Book your ticket

STUDIO B IN WARSAW SOLD TO STENA REAL ESTATE AB FOR EUR 86 MILLION

CATEGORY
Investment Deal of the Year, CEE
In May 2024, Skanska successfully sold the Studio B office building in Warsaw, Poland, to Stena Real Estate AB for EUR 86 million. This transaction is particularly notable as it occurred despite the broader market context of capital freezes and significantly reduced investor activity. It highlights the unwavering demand for high-quality, sustainable real estate in prime urban locations. Studio B, located in the rapidly developing Wola district, exemplifies forward-thinking design and construction principles, having been built to meet ESG criteria. The Studio B project is part of a larger office complex designed by Danish Arrow Architects and Polish Grupa 5 Architekci, delivering 17,600 sqm of innovative and sustainable workspace. The building was fully leased before completion, attracting tenants like Societe Generale Group, C.H. Robinson, Unum Życie (insurance company), and Business Link. This underscores the building's appeal and the trust it earned from top global brands.
Name of the deal
STUDIO B IN WARSAW SOLD TO STENA REAL ESTATE AB FOR EUR 86 MILLION
The date of closing the deal
05.09.2024
Value of the transaction (in EUR)
86000000
Yield
We do not provide such information publicly.
Seller, plus brief information about the company
Skanska Commercial Development Europe. We are an innovative developer of sustainable, future-focused office and living sector projects. We have been operating in this market since 1997, creating open, lively spaces where people feel good. Our office projects are certified in the LEED, WELL Core & Shell, and WELL Health-Safety Rating systems and the "Building without Barriers" certificate. We are present in Warsaw, Wrocław, Poznań, Łódź, Kraków, Katowice, and the Tri-City.
Consultancy which advised Seller
Allen & Overy Shearman Sterling
Purchaser, plus brief information about the company
Stena Real Estate AB is part of the Stena Sphere, one of Sweden’s largest family-owned business groups – manages and develops a portfolio of properties across Sweden, Europe, and the US. The company is recognized for its commitment to innovation, sustainability and long-term value creation.
Consultancy which advised Purchaser
Linklaters
Financing institution
BNP Paribas
Current occupancy level
100
Please say why this deal should be considered for the award
The sale of Studio B highlights Skanska's leadership in delivering future-focused developments that meet modern urban needs. This third transaction between Skanska and Stena Real Estate AB in CEE, and the fourth Skanska building acquired by them, reflects a successful partnership based on shared ESG values. It underscores Warsaw's dynamic investment market and Skanska's ability to create user-friendly, functional, and sustainable projects that meet tenant and investor demands.