Skanska sells Green House office project in Budapest, Hungary, for €36 million (HU)

Skanska sells Green House office building in Budapest, Hungary, to the Hungarian open-ended property fund Torony Real Estate Investment Fund managed by Diófa Fund Management, a member of FHB Group. The value of the transaction is €36 million, about SEK323 million. The transaction will be recorded in the third quarter of 2014 and the transfer of the property is also scheduled for the third quarter of 2014.
Green House is Skanska’s sixth office investment in Budapest. The building is situated in the center of Budapest and offers 17,800 m² of leasable office space. Green House was completed in December 2012 and currently up to 95% of the building is leased to well-established international tenants such as Avis Budget Group, MSCI and ABB.
The FIABCI World Prix d’Excellence Awards 2014 World Gold Winner and CEE Green Building awarded Green House is the only LEED Platinum certified office building in Hungary. The landmark project offers a unique atmosphere, friendly working environment, beautiful garden, variety of in-house services and a proven cost efficient green operation.
Source: Skanska