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Hungary Skanska sells H2Offices

Investment & finance
Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate Investment Fund, represented by Erste Alapkezelő Zrt. This is the third acquisition that the purchaser has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.

H2Offices is located in Budapest's Váci Office Corridor and comprises a total leasable area of around 27,000 sqm with 299 parking spaces. The property is currently 74 pct leased to various tenants; Colonnade Hungary, Cofidis Hungary, MBH Gondoskodás Fund, DBH Group, Orbico Hungary among them. The building has already received LEED Platinum Core and Shell version 4 certification with the highest points in Hungary so far and aims to get WELL v2 Core & Shell certification and WELL Health & Safety rating. H2Offices also obtained Access4You Gold certification.

H2Offices stands at the forefront of sustainable development in Hungary. It’s a prime location, extensive amenities, and exceptional energy efficiency make it a living proof of our commitment to ESG principles and wellbeing of the users of the building. Aurelia Luca, Executive Vice President of Operations Hungary and Romania for Skanska's Commercial Development Business Unit.

During the sales process, Skanska was advised by Colliers, Cushman & Wakefield and Dentons.

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Edition 6 (289) June 2024

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