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Skanska sells one of the buildings of Kapelanka 42 complex

Kapelanka 42

Skanska Property Poland sold one of the two buildings of Kapelanka 42 office complex in Krakow. The building was acquired by Polish fund REINO Dywidenda FIZ, managed by REINO Partners.

Kapelanka 42 is Skanska’s first project developed in Krakow and the second sales transaction of an office building in the last 12 months for the company in Poland. Also, it is REINO Dywidenda FIZ’s first investment target.

Kapelanka 42, comprising two buildings, offers over 30,000 sqm of modern class A office space. The buildings were completed in Q2 and Q3 of 2014 and their official opening is scheduled for November. The building that was sold offers 11,700 sqm and is almost fully leased to several companies including Tesco, Apriso and Sygnity.

Skanska Property Poland was advised on the transaction by CBRE international consulting agency.

Legal consultancy for the purchaser was provided by Norton Rose, while Dentons provided legal consultancy for the vendor. The loan agreement was concluded with Nordea Bank Polska.

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