Skanska sells office building in Prague

Skanska has sold the office building Five in Prague, the Czech Republic, to a real estate fund managed by Triuva Kapitalverwaltungsgesellschaft for EUR 50 million, about SEK 480 million.

The transaction will be recorded by Skanska Commercial Development Europe in the second quarter 2017, with the transfer of the property scheduled for the fourth quarter 2017.

Five, which offers a total leasable area of 14 400 square meters, was commissioned for use in April 2017 and is already 100 percent leased.

The office building is located near Anděl, one of the busiest and most desirable office and retail destinations in Prague 5, in close vicinity to Riverview – one of Skanska’s former office developments in the city.

Five enjoys superb public transport connectivity thanks to its proximity to both, Anděl’s metro and tram junction and Smichov Railway Station. Being situated towards the Vltava River, the property brings unique views of the historical city center, Prague Castle and Vyšehrad Fortress. Five is equipped with numerous green solutions and is expected to receive LEED Platinum certification.