Skanska AB

06/30/2020 | Press release | Distributed by Public on 06/30/2020 07:00

Skanska signs biggest lease ever in the company’s history at Generation Park Y, a skyscraper in Warsaw, Poland

Skanska signs biggest lease ever in the company's history at Generation Park Y, a skyscraper in Warsaw, Poland
Skanska has signed a 10 year lease with the insurance company PZU Group for
47,000 square meters office space and in addition 325 parking lots in the
skyscraper office building, phase III of Generation Park in Warsaw, Poland. The
tenant will start to take occupancy in the second quarter 2022. With this lease
the building is now 98.5 percent occupied. This is the largest office lease
agreement in terms of square meters in Skanska's history.

Generation Park will comprise of three office buildings with total leasable area
of around 87,000 square meters of offices and retail space and in addition
several parking lots. The project is expected to receive LEED Platinum, WELL and
Building without Barriers certifications. Generation Park will be Skanska's
largest office development project in Warsaw and include the company's first
office skyscraper in Central and Eastern Europe.

Construction of Generation Park Y, phase III of the complex, started in November
2018. Shell and core completion are expected in the first quarter of 2021. The
fit out works for the tenant will commence and be completed in the second
quarter of 2022, which is also the date for moving in.

Skanska is one of the leading development and construction companies in Europe.
Outside the Nordics, the company has operations in building construction and
civil engineering in Poland, Czech Republic & Slovakia and the UK. Skanska
develops commercial properties in selected home markets in Poland, Czech
Republic, Romania and Hungary, while residential development is active in
Poland, Czech Republic and in the UK with the BoKlok concept. In 2019, Skanska
had sales of SEK 33 billion and about 11,700 employees in its European
operations outside the Nordics.

For further information please contact:

Aleksandra Markiewicz, Corporate Communications Manager Skanska commercial
development business in CEE, tel +48 797 229 147

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46
(0)10-449 31 34

Direct line for media, tel +46 (0)10 448 88 99

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Skanska is a world leader in construction and project development on select
markets in the Nordic region, Europe and USA. Driven by the Group's values,
Skanska wants to contribute to a better society. Skanska provides innovative,
sustainable solutions for both simple and complex assignments. Skanska has about
34,000 employees, and 2019 revenue totaled SEK 177 billion.