Skanska’s office development sees stable growth in CEE

Skanska posted a new record year for its commercial development business in Central and Eastern Europe (CEE), reflecting strong 2018 performance in Poland, Romania, Hungary and the Czech Republic. The office developer sold nine buildings for over 431 million Euro and leased 153 000 sqm in ten CEE city markets.

Skanska delivered eight buildings with a total volume of 122,000 sqm. The company also invested 495 million Euro in new developments which will increase total office stock by approx. 215 000 sqm in the years ahead.

Skanska began 2019 by becoming the sole owner of Business Link – the network of coworking and private offices for rent. The company has acquired the remaining shares in Business Link from Academic Business Incubators (AIP). The subject of the transaction was a company which, under the name Business Link, manages 5 Business Link offices located in the Astoria office building in Warsaw and in buildings developed by Skanska in Poznan (Maraton), Krakow (High5ive), Wroclaw (Green2Day) and Prague (Visionary).

Nineteen Skanska buildings in CEE are under construction with a total volume of 350 000 sqm.