Skanska holds topping out ceremony for Nordic Light

Office Market

press release

Property developer Skanska held a topping out ceremony late yesterday to celebrate the milestone of their Vaci út office building Nordic Light,the leasing of which is exclusively handled by CBRE, an announcement issued today reveals.

Nordic Light, which already has tenants despite only being structurally complete, will be one of the most effective and most modern office buildings in the capital, the announcement added.

The construction of this category “A” office building, designed by Mérték Group, began in October 2014, and will be developed in two phases with the first phase to be delivered in Q2 2016 and the second phase to follow in Q3 2016.

The office complex, construction and sales of which are managed by Skanska Hungary Property Ltd., will have a floor space of 26,000 sqm on seven floors including a restaurant and many other facilities. It will feature a three-level underground parking garage and a bicycle storage room, a shower, and a changing room for those cycling to work.

The office building has a preliminary lease contract signed for more than 10% of its available office space, that is, the entire first floor. The global specialist in energy management and automation Schneider Electric is expected to move into a 3,200 sqm office in the fall of 2016.

The office building has already acquired the LEED Gold preliminary certificate and achieved a remarkably high score according to the sustainability criteria of the international green building rating system.

“Its venue, energy efficient technology systems and outstanding architectural solutions make Nordic Light one of the most attractive office market developments in Budapest and the next remarkable green building in Skanska’s portfolio,” said Zoltán Linczmayer, managing director of Skanska Hungary Property Ltd.

“We are proud to be the exclusive letting agents for Skanska’s latest office building, that will create new green gardens open to the public,” said Lóránt Kibédi Varga, managing director of CBRE. “Nordic Light is the only fully speculative office project on the Váci Corridor and will be handed over in 2016. Many international companies have already shown interest in the building, and lease negotiations are close to being finalized,” Kibédi Varga added.

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