Skanska sells the first phase of H2Offices in Budapest to Erste

Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate investment fund, represented by Erste Alapkezelo Zrt. 

Financial details were not disclosed.

This is the third deal Erste has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.

Balázs Pázmány, chairman of the noard at Erste Alapkezelo, said: 'We are pleased to share the successful acquisition of H2Offices, an outstanding A+ category office building located in the heart of Budapest.

'This further enhances the proportion of our portfolio consisting of high-quality office buildings that cater to every tenant requirement. The transaction bolsters our longstanding partnership with Skanska, an entity that shares our dedication to ESG principles.'

H2Offices is positioned in Budapest's Váci Office Corridor and comprises a total leasable area of around 27,000 m2 with 299 parking spaces.

The property is 74% leased to various prominent 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, which assesses the built environment and provides detailed information about how accessible the building is.

Katarzyna Zawodna-Bijoch, president & CEO at Skanska commercial development business unit, CEE, said: 'We are delighted that our long-term trusted relationship with Erste RE Fund resulted in successful transaction of H2Offices project.

'We as Skanska are proud to be at the forefront of offering such quality and future-proof developments.'


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