Press release (regulatory)
Skanska sells office project in Prague, Czech Republic, for EUR 20 M, about SEK 184 M
Skanska Property Czech Republic sells its office development Riverview in Prague, Czech Republic, to a fund managed by the global investment manager, Invesco Real Estate. The value of the transaction amounts to EUR 20 M, about SEK 184 M. The sale will be recorded in the fourth quarter 2014 and hand-over of the property is scheduled for the second quarter 2015.
The building, situated in an evolving business district of Prague 5, Smichov, offers approximately 7,000 square meters of leasable office space out of which 90 percent is leased to a pharmaceutical company MSD.
Riverview is scheduled to be completed in December 2014 and aims to receive LEED Gold certification.
Skanska Commercial Development Europe initiates and develops property projects in office and commercial buildings. The company’s operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.
For more information, please contact:
Lenka Kůsová, Communications and Marketing, Skanska Property Czech Republic, tel: +420 739 220 993
Edvard Lind, Head of Media Relations, Skanska AB, tel +46 10 448 88 08
Direct line for media: +46 10 448 88 99
This and previous releases can also be found at www.skanska.com
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