Skanska Sells Second Phase of Budapest Office Complex for EUR 98M
Skanska has sold the second phase of its H2Offices office complex in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (about SEK 1.1 billion). The transaction will be recorded by Skanska Commercial Development Europe in Q3 2026 and is expected to close in Q4 2027. The second phase of H2Offices, currently under construction with a projected completion date in early 2027, offers approximately 22,000 square meters of leasable space. It has already been leased for ten years by an unnamed global company. The complex is designed to meet high sustainability standards and aims for LEED Platinum-, WELL Platinum- and Access4You Gold certifications. H2Offices spans three buildings in the Váci Office Corridor, one of Budapest's premier business districts. Once fully completed, it will provide around 67,000 square meters of modern office space.