Cushman & Wakefield to Manage More Than 3M sf of Skanska’s Office Property Portfolio

Global real estate services firm Cushman & Wakefield has signed a framework management agreement for 12 office buildings in Poland owned by the Skanska Group. The largest facilities include High5ive A&B in Krakow (395k sf) and Brama Miasta B in Lódz (300k sf).

Zuzanna Paciorkiewicz, Partner, Head of Operations Asset Services Poland, Cushman & Wakefield, said: "Cushman & Wakefield’s appointment as property manager for Skanska’s office buildings underway is a sign of recognition and great trust in us. This opportunity is clearly also a challenge for us, among other things, due to development phasing, multiple locations across Poland’s largest cities and the pivotal, initial start-up and operation phase of office buildings. We keenly took up this challenge as on each market we have highly-skilled teams of specialists with a strong track record in property management. We are confident that we will meet our partner’s expectations.”

Skanska Property Poland is active on seven markets in Poland and has more than 2.1M sf of modern office space under construction in Warsaw, Lódz, Krakow, Wroclaw, Katowice, Poznan and Gdansk.

Ewelina Kaluzna, Leasing and Asset Director, Skanska’s office business, said: "The framework agreement signed by Skanska and Cushman & Wakefield is great news for our current and future tenants, and for investors. Cooperation with a single partner will help us improve knowledge sharing and continue to enhance the quality of our asset management.”

List of buildings:

In addition, Cushman & Wakefield will manage approximately 1.2M sf of office space in development projects planned by Skanska’s office business in Gdansk, Lódz, Warsaw and Krakow.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.pl or follow @CushWakeCE on Twitter.

Skanska Property Poland

Skanska Property Poland is an innovative developer of green and future-proof office buildings that create a perfect environment for business growth, provide their users with healthy and friendly space, and perfectly blend into the surrounding urban fabric. It aims to develop open, vibrant spaces where employees want and like to work, and which serve local communities. Skanska’s projects are LEED-certified; additionally, all new projects are developed to be accessible for disabled people, seniors and parents with small children. Skanska Property Poland has been operating in Poland since 1997 and is currently present on seven Polish markets: Warsaw, Wroclaw, Poznan, Lódz, Krakow, Katowice and Tricity. 2017 was a record-breaking year for the company with more than 100,000 sq m of office space leased across Poland. The company was awarded Developer of the Year in the prestigious CEEQA Awards 2018 competition.

For more information, please go to: www.skanska.com/property

Source: Cushman & Wakefield

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