Skanska divests first phase of H\2\Offices in Budapest, Hungary, for approximately EUR 100M, about SEK 1.2 billion
Skanska has divested the first phase of its office complex H\2\Offices in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund, represented by ERSTE Alapkezelő Zrt., for approximately EUR 100M, about SEK 1.2 billion. The transaction will be recorded by Skanska Commercial Development Europe in the third quarter 2023. The transfer of the property is scheduled for the fourth quarter 2023.H\2\Offices is a mixed-use project, located in Budapest’s Váci Office Corridor, one of the top business locations in Budapest. The first phase offers a total leasable area of around 27,000 square