Money Buzz! Europa

Tag: skanska

  • Coronavirus pandemic reshapes employees’ perception of ideal workspace

    Coronavirus pandemic reshapes employees’ perception of ideal workspace

    According to Skanska’s survey among people in CEE, nowadays nearly half of office workers go to the office every day.

    The same percentage being valid for Romanian employees who have returned to their workplaces.

    18% of Romanian employees work in a hybrid model, with 3 or 4 days a week in the office, while 20% of Romanian employees work only from home.

    Top choice: hybrid model with office work dominating

    For 51% of the employees surveyed, the ideal working model involves at least 3-4 days a week working from the office. This trend is visible in all CEE countries.

    Specifically for the respondents from Romania, 27% would like to work in the  office at least 3-4 days a week, this being their ideal working model.

    Another 22% of them would like to work exclusively from the office and 19 % would prefer to work only from home.

    Offices need to offer more than before

    The most important aspects of remote working listed by CEE employees include the ease of organizing family life (51%), good working conditions at home (48%), and saving time on commuting to the office (45%).

    The study notes several differentiators in terms of what would motivate employees in the four countries to return to the office.

    For Romanian employees, the most important thing is for the workplace to reach high-quality standards, including sanitary ones and the possibility to relax and work outdoors.

    For Polish employees, a first motivating factor would be the possibility to use the restaurants or canteens at the employer’s expense.

    Employees in the Czech Republic and Hungary, on the other hand, want to work in a quiet place or individual, separate rooms for work.

    Hungarians would also appreciate free parking spaces.

    Dream office: comfort, safety, and good IT connection

    Among the first three indicators of an ideal office for Romanians are: very good quality IT equipment (39%) and green, open spaces for work and relaxation (33%).

    Other crucial aspects include a quiet space that allows concentration (32%), professional lighting that does not tire the eyes (27%), separate or individual workspaces (18%).

    Among the barriers that Romanians have regarding returning to the office are the impossibility of serving a warm and healthy meal at work (14%).

    17% do not want to spend their time in a confined space with air conditioning, and 26% fear of getting the virus once they return to the office.

    The study also confirms the great importance of safety issues. The results show that high sanitary standards can encourage working in the offices, while lack of them causes fear of contracting the virus.

    Daily disinfection of the office (41%), lower population density (37%), and non-contact solutions (37%) are the main factors that would positively affect employees’ sense of safety.

  • Skanska to open the first rooftop running track in Romania

    Skanska to open the first rooftop running track in Romania

    Skanska inaugurates the first rooftop runway in Romania. The runway is 280 meters long and it’s located on the roof of the Campus 6.2 and 6.3 buildings in Bucharest.

    The two A-class office buildings in Campus 6 have 11 stories, the track being located on top of them, at a height of about 42 meters.

    The final layer of the track is made out of tartan certified by the International Association of Athletics Federations for use in all international athletic competitions.

    However, the rooftop runway on Campus 6 in Bucharest is not the first of its kind built by Skanska.

    Among the capitals in the Central and Eastern European region where Skanska has integrated this type of employee facility are Budapest (H2Office building) and Prague, where the 150-meter runway on the roof of the building Visionary was launched in 2018.

  • Skanska to invest EUR 76M in a new office building in Prague

    Skanska to invest EUR 76M in a new office building in Prague

    Skanska invests EUR 76M in the first phase of Port7, a mixed-use project located in Prague. The construction contract is worth about CZK 1.7 billion.

    The ten-story office building will have a total leasable area of around 27,700 square meters, with two underground parking levels.

    The investment also includes underground parking levels for the planned second phase of Port7.

    The full Port7 complex will offer about 35,000 square meters of A-class office and retail premises in three buildings, with retail stores, restaurants, cafés and fitness centers located on the ground floor of the buildings. 

  • Skanska invests EUR 45 M in the second phase of Equilibrium Bucharest

    Skanska invests EUR 45 M in the second phase of Equilibrium Bucharest

    Skanska invests EUR 45M in the second building of the Equilibrium office project located in the northern part of Bucharest.

    The 12-storey building will comprise of a total leasable area of 19,900 sqm and 229 parking lots above and underground.

    At its completion, the entire two-building Equilibrium complex will offer 40,800 square meters of leasable area.

    The project has a unique mix of green relaxation spaces, with modern exterior furniture that incorporates wireless chargers, power sockets and free WiFi, but also with numerous facilities to encourage urban mobility and an active lifestyle.

    Construction works are planned to be started in February 2021 and are scheduled for completion in the first quarter of 2023.

    The first phase of the project, Equilibrium 1, became operational on November 1, 2019.

  • S IMMO purchased two office buildings in Bucharest from Skanska

    S IMMO purchased two office buildings in Bucharest from Skanska

    S IMMO purchased Campus 6.2 and Campus 6.3 office buildings developed by Skanska in the Center-West submarket of Bucharest.

    The transaction volume is approximately EUR 97 mln.

    The two buildings have a rentable area of nearly 38,000 square meters and 463 parking spaces. Currently, 99% of the buildings are leased by companies such as Microsoft and Société Générale European Business Services.

    Campus 6.3 has already been delivered in October 2020, and Campus 6.2 is due to be completed in the first quarter of 2021.

    The new buildings acquired by S IMMO, Campus 6.2 and 6.3, increase the office portfolio of S IMMO in Romania to over 73,000 sqm of GLA, together with the existing office buildings, The Mark and Sun Plaza Offices.

    At the end of this year’s first nine months, the total investment volume in Romania accounts for EUR 521.4* mln (*including GTC shares transaction), with office buildings as the most traded sector, accounting for 90% of the total national transaction volume, according to the CBRE Research data.

    At the end of the third quarter of 2020, prime yields remain stable for the office and industrial segments.

  • Skanska acquired a land plot in Boston, USA, for USD 177M

    Skanska acquired a land plot in Boston, USA, for USD 177M

    Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts for USD 177M, about SEK 1.5 billion.

    Located at 380 Stuart Street in the Back Bay neighborhood, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking.

    The project will target LEED Platinum, Fitwell, and WiredScore certifications.

    This acquisition marks Skanska’s seventh commercial venture in Greater Boston, and one of the few remaining opportunities for a new, ground-up development in Back Bay.

  • Skanska signs an USD 198 M contract for office improvements in western USA

    Skanska signs an USD 198 M contract for office improvements in western USA

    Skanska has signed additional contracts with an existing client for improvements to their corporate office in the western USA.

    The contract is a joint venture with Skanska Balfour Beatty, and is worth USD 395 M.

    Skanska’s part is worth about USD 198 M, about SEK 1.7 billion, which will be included in the US order bookings for the fourth quarter of 2020.

    Construction is underway and is scheduled for completion in the fourth quarter of 2023.

    Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

  • Skanska invests USD 65 M in its first Los Angeles office development project

    Skanska invests USD 65 M in its first Los Angeles office development project

    Skanska invests approximately USD 65 M in its first Los Angeles office development project located in Beverly Hills.

    The construction contract is worth about USD 33.3 M and will be included in the US order bookings for the fourth quarter 2020.

    Located at 9000 Wilshire Boulevard in Beverly Hills, California, Skanska plans to develop and build a four-story, 4,270 square meter office building with roof top terrace and four below grade parking levels. The project will target LEED Platinum certification.

    Skanska expects to begin construction in the end of October 2020 and the project is scheduled to be completed in third quarter of 2022.

    Since 2009, Skanska USA Commercial Development has invested more than USD 2 billion in office and multi-family projects, and has developed office headquarters for tenants including, Waste Management Inc., Bank of America, Brooks Sports, PricewaterhouseCoopers and Tommy Bahama.

  • Skanska Equilibrium can be visualized virtually through the Bright Spaces platform

    Skanska Equilibrium can be visualized virtually through the Bright Spaces platform

    Skanska and PropTech startup Bright Spaces launched today the 3D interactive visualization platform that is implemented for the first time for Equilibrium, in Bucharest.

    Through technology and interactivity, this platform changes the way office spaces are showcased.

    Skanska is Bright Spaces’ first client and this solution will allow the real estate developer to showcase its spaces in an innovative, interactive way and adapted to the client’s needs.

    What potential users and agents can do with Bright Spaces

    • Visualize online all available spaces in the two Equilibrium buildings, in real time and in 3D web virtual reality, on any device, without using any other applications or VR sets;
    • Change fit out options in order to understand how that space could accommodate their team;
    • Schedule live tours directly from the platform, for their favorite spaces;
    • Ask for personalized offers for a certain space;
    • Discover all the necessary details regarding the building or main interest points from a single source: images, videos, virtual tours, technical features, sustainability, accessibility, and safety features of the buildings;
    • Visualize the location of each building, main interest points, and nearest public transportation means.
  • Skanska acquired about 11.500 sq m of land in Houston, Texas

    Skanska acquired about 11.500 sq m of land in Houston, Texas

    Skanska has acquired about 11,500 square meters of land in Houston, Texas. The seller is Houston Westmont LP and the acquisition amounts to USD 27 M, about SEK 236 M.

    Located in the Montrose neighborhood of Houston, in between Midtown and River Oaks, Skanska plans to develop a mixed-use project which could consist of multi-family, retail, and office tower for the local community.

    The project will target LEED Platinum certification.

    Since 2009, Skanska USA Commercial Development has invested more than USD 2 billion in office and multi-family projects, and has developed office headquarters for tenants including, Waste Management, Bank of America, Brooks Sports, PricewaterhouseCoopers and Tommy Bahama.

    Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

  • Skanska signs in Warsaw the biggest lease ever in the company’s history

    Skanska signs in Warsaw the biggest lease ever in the company’s history

    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% 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.

    Generation Park will be Skanska’s largest office development project in Warsaw and include the company’s first office skyscraper in CEE.

    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 Q2 2022, which is also the date for moving in.

    Skanska is an active player in CEE

    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.

    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.

  • Skanska builds office space in Sleepy Hollow, New York

    Skanska builds office space in Sleepy Hollow, New York

    • Skanska has signed a contract with Regeneron Pharmaceuticals Inc. to construct the interior fit-out of their office space in Sleepy Hollow, New York, USA.
    • The contract is worth USD 32 M, about SEK 310 M, which will be included in the US order bookings for the first quarter 2020.

    The project includes the interior fit-out of an approximately 18,500-square-meter space. The scope of work includes upgrades to the existing building, new mechanical distribution, ceilings, LED lighting, flooring and glass front offices.

    Construction began in March of 2020 and is scheduled for completion in July 2021.

    Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.