Skanska divests second building of the office project Studio in Warsaw, Poland, for EUR 159M, about SEK 1.7 billion

Skanska sold the second building of its Warsaw office project Studio to Stena Real Estate for EUR 159M (about SEK 1.7B). The divestment is expected to be recorded by Skanska Commercial Development Europe in Q3. This is a modest positive for capital recycling and balance-sheet efficiency, but unlikely to move the broader market.

Analysis

Skanska sold the second building of its Warsaw office project Studio to Stena Real Estate for EUR 159M (about SEK 1.7B). The divestment is expected to be recorded by Skanska Commercial Development Europe in Q3. This is a modest positive for capital recycling and balance-sheet efficiency, but unlikely to move the broader market.