Skanska sells Green House office building to FHB unit

Office Market

Real-estate investment fund Torony, managed by Diófa assets manager, which is part of the Hungarian FHB Group, bought Swedish property developer Skanska's Green House office building located in Budapest, Skanska Magyarország Ingatlan informed Hungarian news agency MTI today.

The price of the transaction remained unveiled. The cost of the project was estimated at €32.5 mln in 2011 at the launch of the investment.

The seven-storey building, located in Budapest's 13th district, was completed at the end of 2012. It has leasable office area of 17,800sqm, 98% of which is let.

The building last year received LEED Platinum certification award, the highest level of the international LEED environmental rating system and was also chosen the World Gold Winner in the office category for the FIABCI World Prix d’Excellence Awards 2014

Skanska's next project is dubbed Nordic Light, which will be a 26,200sqm office building built in the same street of Budapest, with the expected opening date of the beginning of 2016.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.