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New Bp HQ for Swedish firm

Construction work has recently started on the new Budapest headquarters building of Swedish office furniture manufacturer Kinnarps, with Szeged-based KÉSz Kft acting as general contractor for the Ft 2.8 billion project, business daily Világgazdaság reported. Present in 25 countries of the world with revenues totaling 2.3 billion Swedish crowns (Ft 59 billion) last year, Kinnarps acquired a 2,000 sqm property along Váci út in Dist. 13 where it will build a 13,600-sqm office building consisting of 11 stories including three underground floors. Scheduled for completion in May 2006, the 30-meter high tower will accommodate office and retail tenants as well.