PL

POLAND Skanska seals largest ever lease

Office & mixed-use development
Skanska has finalised the signing of a ten-year, 47,000 sqm lease with insurance company PZU for all the office, retail, storage and parking space in the third stage of Generation Park in Warsaw – the entire Y building.

PZU signed a letter of intent to lease the space in Q1. The finalised deal also includes the lease of 325 parking spaces. PZU is to take up occupancy of its new offices in Q2 2022. With this lease – the largest in Skanska’s history – the building is now 98.5 pct occupied.

Generation Park will comprise three office buildings with combined leasable area of around 87,000 sqm of offices and retail. The project is expected to achieve LEED ‘Platinum’, Well and Buildings without Barriers certification. Generation Park is Skanska’s largest office development project in Warsaw and features its first office skyscraper in the CEE region.The new headquarters of the PZU Group is an investment in our employees. This is why it’s so important that Generation Park Y meets the highest standards in terms of work conditions, comfort and safety. Environmental measures are equally important as is the fact that this is a facility without barriers, fully accessible to people with disabilities. Our move is an opportunity for us to create an employee-friendly space that helps them in their daily work
Dorota Maciej, the PZU Życie board member responsible for PZU Group’s real estate

Construction work on Generation Y started in November 2018. It shell and core are expected to be completed in the first quarter of 2021. The fit-out work for the tenant should take place in Q2 2022, just before it moves in.

Generation Park is our flagship project and reflects Skanska

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