DLA Piper and Dentons Advise on Stena’s Acquisition of Office Portfolio from Skanska

DLA Piper and Dentons Advise on Stena’s Acquisition of Office Portfolio from Skanska

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DLA Piper has advised Stena Real Estate on its EUR 128 million acquisition of office buildings in Wroclaw and Krakow from Skanska. Dentons advised the seller.

The transaction is expected to close in the second quarter of 2022.

According to DLA Piper, "the transaction consists of the first phase of the Centrum Poludnie complex in Wroclaw containing two joint office buildings, and the last building of the High5ive complex in Krakow, comprising approximately 39,400 square meters of office space."

Stena Real Estate is an international property company, focusing on commercial properties. Stena Real Estate operates in Poland, the Netherlands, and the US. The company is part of the privately-owned Swedish Stena Group.

Skanska is an international project development and construction company, developing offices, homes, and public-private partnership projects.

"We are proud to conclude another transaction with Stena, which comprises an office portfolio of our investments in Wroclaw and Krakow," Skanska Executive Vice President of Leasing & Sales Arkadiusz Rudzki commented. "It shows that our projects continue to gain the interest of investors and that Skanska is a reliable and safe partner. Our offices represent the most innovative solutions in terms of sustainability and certification, which make them high-quality workplaces adjusted to today’s needs, from the tenant’s perspective, along with the investors."

"We are following our plan to grow our property portfolio in Poland with sustainable modern high-quality products and with this transaction we are now established in the three major cities: Warsaw, Krakow, and Wroclaw," Stena Real Estate CEO Sofia Granlund added. "We are looking forward to welcoming new tenants to Stena in the spring and appreciate the good relationship we have built in Poland, with both Skanska and our advisors through this smooth transaction."

The DLA Piper team included Co-Managing Partner Jacek Gizinski, Senior Associates Agata Koczorowska and Slawomir Mikolajuk, and Associate Wojciech Sulimierski.

The Dentons team included Partners Bartlomiej Kordeczka and Magdalena Szwarc-Brozyna and Senior Associate Arkadiusz Debski.