Skanska sells P180 office building in Warsaw for €100 million

Skanska has announced the sale of its P180 office building in Warsaw to Investika Real Estate Fund and its partner, BUD Holdings, as part of a joint venture. The transaction, valued at €100 million, underscores the growing appeal of sustainable office spaces in the capital.

Located near the Wilanowska metro station, the 15-story P180 building offers 32,000 square meters of A-class office space. Its strategic location and state-of-the-art infrastructure have made it a prime choice for tenants from IT, technology, and professional services sectors, including notable Scandinavian companies.

P180 is not only recognized for its prime location but also for its pioneering sustainability efforts. It was the first project in Central and Eastern Europe to use low-carbon concrete during construction, reducing CO2 emissions by 42% compared to traditional materials. Recycled and locally sourced materials were also incorporated into the building’s development.

Adrian Karczewicz, head of divestments at Skanska Commercial Development Europe, highlighted the significance of the sale: “The P180 sale demonstrates that Skanska’s investments not only attract top-tier tenants but are also highly valued by investors. This is another successful transaction in Warsaw this year, reaffirming the value of our developments and the strength of our business strategy.”

Investika, a Czech investment company founded in 2015, has quickly established itself as a major player in the real estate market. As of November 30, 2024, it managed assets worth over CZK 27 billion and served nearly 98,000 investors across its five funds. Its flagship product, the Investika Real Estate Fund, is the largest non-bank real estate fund for retail investors in the Czech Republic and Slovakia.

BUD Holdings, a Luxembourg-based private equity firm, specializes in equity investments with a focus on real estate assets.

Skanska’s office division in Poland has been a leader in sustainable office development since entering the market in 1997. The sale of P180 follows a series of successful transactions in Warsaw this year, cementing its reputation as a developer of choice for environmentally conscious, premium office spaces.

The P180 sale not only showcases the building’s strong market appeal but also highlights the increasing demand for sustainable, well-located office properties in Warsaw’s competitive real estate landscape.