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Investing.com -- Skanska has sold its Port7 office complex in Prague for approximately SEK 1.4 billion (€130 million) to AFI, the company announced Wednesday.
The transaction will be recorded in the fourth quarter of 2025, with the property transfer scheduled to take place in the first half of 2026. The deal also includes adjacent plots of land designated for future development.
The Port7 office complex, which is fully leased, is situated on the bank of the Vltava River and was completed in April 2023. Skanska had previously announced two investments in the project totaling approximately SEK 970 million.
This included SEK 770 million for the first phase of development announced in February 2021, and SEK 200 million for the second phase announced in November 2021.
Jefferies commented on the transaction, stating: "It is good to see Skanska announce another divestment from its Commercial Development portfolio, and at what looks like a healthy premium to invested capital."
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