Skanska sells Budapest office for €67m

Skanska has sold the Nordic Light office building in Budapest, Hungary, to Erste Alapkezelo Zrt, a subsidiary of Erste Asset Management, for SEK 630 mln (€67 mln). 

Nordic Light is Skanska’s seventh office development in Hungary. The project, situated in the 13th district of Budapest, represents 26,200 m2 of total leasable space and underground parking floors.

The first phase comprises 6,600 m2 and was commissioned for use in May 2016, while the second phase comprises 19,600 m2 and was commissioned for use in September 2016. The LEED Gold-certified office complex is already 86% leased to well-established international tenants.

The transfer of the property is scheduled for the first quarter of 2017.

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