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FHB's Diófa unit buys Green House offices from Skanska

Office Market

Swedish property developer Skanska sold its Budapest Green House office building to a unit of the Hungarian FHB Group for €36 mln, Skanska Property Hungary's managing director, Zoltán Linczmayer, announced yesterday.

The seven-storey building located in Budapest's 13th district was acquired by Diófa Asset Management, a unit of FHB. The group expects a yield of about 8%, FHB Group's CEO Gergely Bíró informed Hungarian news agency MTI.

The building was completed at the end of 2012. It has a leasable office area of 17,800sqm, 98% of which is available to let.

Last year the building was awarded LEED Platinum certification, the highest level of the international LEED environmental rating system. It also won the 2014 FIABCI World Prix d’Excellence (Excellence award) in the office category.

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