Skanska Divests Generation Park Y Building In Poland For €285M - SKANSKA AB S/ADR by Skanska AB (OTC:SKBS

Skanska ADR (OTC:SKBSY) divested the third office building of the Generation Park complex in Warsaw, Poland, to HANSAINVEST Real Assets, for €285 million (~SEK 2.9 billion).
The property has a leasable area of 47,600 square meters and is 100% leased for ten years to Polish insurance company PZU for its headquarters.
The Generation Park complex comprises three office buildings with a total leasable area of around 88,000 square meters of offices, retail space, and multiple parking lots.
Skanska Commercial Development Europe will record the transaction in the fourth quarter of 2021. The transfer of the property is scheduled for 3Q22.
Price Action: SKBSY shares closed lower by 1.97% at $25.32 on Wednesday.

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