Skanska Enters Long-Term Partnership With DBH Group



Skanska has entered a long-term partnership with DBH Group, which is leasing a total of 5,100 sqm office space in Equilibrium 1 in Romania and H2Offices in Hungary, according to a press release sent to the Budapest Business Journal.

With this partnership, Skanska’s commercial development business unit in the CEE is extending the services for the tenants in its two buildings, as DBH Group develops and manages flex office spaces across the EU market. The two Skanska buildings will offer office space for both smaller occupiers while benefiting from the advantages of Skanska's future-proof buildings as well as flexibility for growth for its existing tenants.

For its new operations, DBH Group has leased 1,800 sqm in the first building of the Equilibrium complex, located in Bucharest, Romania and 3,300 sqm in H2Offices, developed by Skanska in Budapest, Hungary.

"As a result of the pandemic reshaping the lifestyle and the business environment of occupiers and investors, flexibility has become a standard. We believe that DBH Group’s high-quality service in both countries and the new concept to be introduced in H2Offices will be a true value add to our clients and we consider them the best fit as our partner. We are very happy to have simultaneously concluded this partnership in two of our markets," said Kata Mazsaroff, leasing and asset director of Skanska’s commercial development business unit in Hungary and Romania.

"During the pandemic, DBH Serviced Office realized that large corporate clients are more and more open for premium flexible office solutions. When it was about the Bucharest opening, it was no question that DBH needs a high quality building in a first-class location. Equilibrium is in the heart of Floreasca office district and also close to the central business district. Skanska as a developer was the guarantee for the building’s finest materials & services, and a guarantee for an ecosystem appreciating flexible solutions," notes said Sándor Erdei, CEO of DBH Group.

"Regarding H2Offices, DBH is writing a new story: keeping the premium, while incorporating a tailor-made corporate flexspace model which consists of individual seating density, on-demand furniture & corporate identity interior design implementation and custom IT solutions. Basically, a service selection adapting to the client’s actual corporate requirement versus standard products and service packages. This allows clients to limit their cost exposures and carry out their real estate needs in a flexible way," he adds.

Throughout the leasing process of H2Offices, DBH was represented by Colliers.

“DBH has recognized the emerging need of large corporate occupiers for flexible office solutions. DBH’s expansion strategy is a direct response to this trend, therefore our primary goal was to secure an office building that has every potential to fully satisfy the needs of these occupiers on the long term. Skanska’s flexible approach during the negotiations created perfect synergies between the parties, and H2Offices with its excellent location, outstanding sustainable and smart solutions proved to be a perfect match to this concept. We are really honored to have DBH’s confidence in us to represent them during this complex transaction. We are certain that this transaction will not only create value for both parties, but the flex office market as a whole will benefit from this new next-generation supply," explains Miklós Ecsődi, head of occupier services at Colliers Hungary.

Equilibrium 1 is a 12-story Class A office building with a leasable area of 20,700 sqm and 3,500 sqm of green area specially designed for outdoor work and recreation. The building achieved the LEED Platinum and WELL Health-Safety Rating certifications and is currently operating 100% based on energy from renewable sources. The building is part of the Equilibrium complex. After the completion of the second phase of the project, Equilibrium 2, the complex will provide a total area of 40,700 sqm.

The H2Offices complex will ultimately provide approximately 67,000 sqm GLA after the completion of all its three phases. The name choice H2Offices is not accidental, as the complex is being built on the site of the former headquarters of Budapest Waterworks. The development of the first phase of the building started in August 2020 and consists of eight floors and three underground parking levels and covers almost 27,000 sqm of leasable area.

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