{"id":1004122163,"date":"2015-06-29T06:30:43","date_gmt":"2015-06-29T14:30:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004122163"},"modified":"2022-12-08T20:22:27","modified_gmt":"2022-12-09T04:22:27","slug":"international-skanska-cashes-out-another-office-project-in-uk","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-skanska-cashes-out-another-office-project-in-uk\/","title":{"rendered":"International: Skanska Cashes Out in the UK"},"content":{"rendered":"<p><em>\u00a0<\/em><em>By Alex Girda, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004122165\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-skanska-cashes-out-another-office-project-in-uk\/66-queen-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg\" data-orig-size=\"450,300\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"66 Queen Square\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg?w=450\" class=\"alignright size-medium wp-image-1004122165\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg\" alt=\"66 Queen Square\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg 450w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em><\/p>\n<p>It\u2019s the Skanska way. Whenever the company isn\u2019t involved in one of its major contracting deals across the U.S. or Europe, it seems to be moving out one of its self-developed assets to a major pension fund. This is also the case with its recent sale of 66 Queen Square, an under-construction office property in the British city of Bristol.<\/p>\n<p>The developer has completed the sale of the aforementioned asset for a total of around $51.5 million to Aviva Investors Property Trust a subsidiary of local insurance giant Aviva. Skanska worked with JLL and Alder King on the sale, while Aviva was advised by Knight Frank.<\/p>\n<p>The Class A office property is located in the core of Bristol, a city with a metro area population of more than 1 million. Designed to incorporate a fully modernized and refurbished Georgian terrace property in the downtown area, it also includes a newly-constructed five-story building. \u00a066 Queen Square was the recipient of the BIM Project Application Award at last year\u2019s British Construction Industry Awards.<\/p>\n<p>The ensemble totals 61,484 square feet of prime office space that has already struck the tenants\u2019 fancies. Although completion is scheduled for October, 66 Queen Square already has leasing agreements for around 90 percent of its space. KPMG has signed on for 15 years while Handelsbanken has agreed a 10-year lease at the property, at a headline rent of around $45 per square foot. Alder King and JLL are handling leasing duties for the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The international company is saying good-bye to one of its assets in the British city of Bristol.<\/p>\n","protected":false},"author":237,"featured_media":1004122165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,16,21783,21742,21747],"tags":[],"class_list":["post-1004122163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-international","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: Skanska Cashes Out in the UK - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-skanska-cashes-out-another-office-project-in-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: Skanska Cashes Out in the UK\" \/>\n<meta property=\"og:description\" content=\"The international company is saying good-bye to one of its assets in the British city of Bristol.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-skanska-cashes-out-another-office-project-in-uk\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-29T14:30:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/66-Queen-Square.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"International: Skanska Cashes Out in the UK\",\"datePublished\":\"2015-06-29T14:30:43+00:00\",\"dateModified\":\"2022-12-09T04:22:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/66-Queen-Square.jpg\",\"articleSection\":[\"Featured\",\"International\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-skanska-cashes-out-another-office-project-in-uk\\\/\",\"name\":\"International: Skanska Cashes Out in the UK - 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