Skanska sells office building in Budapest, Hungary, for EUR 67M, about SEK 630M
Skanska has sold the Nordic Light office building in Budapest, Hungary, to the real estate funds of Erste Alapkezelő Zrt. – one of the subsidiaries of Erste Asset Management GmbH. The value of the transaction is EUR 67M, about SEK 630M. The transaction has been recorded in December, with the transfer of the property scheduled for the first quarter of 2017.
Nordic Light is Skanska’s seventh office development in Hungary. The project, situated in the 13th district of Budapest, offers 26,200 square meters of total leasable space and underground parking floors. The first phase comprises 6,600 square meters and was commissioned for use in May 2016, while the second phase comprises 19,600 square meters and was commissioned for use in September 2016. The office complex is already 86 percent leased to well-established international tenants.
Nordic Light is LEED Gold certified. The development features energy-efficient and environmental friendly solutions, including green terraces and bicycle parking facilities. The surrounding area has been improved to create a pleasant environment for both tenants and the local community.
Skanska Commercial Development Europe initiates and develops office property projects. The company’s operations are concentrated in the metropolitan areas of the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.