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Skanska sells Budapest office project for €100M

Skanska sold the two-building Mill Park office project in Budapest to the real estate fund of Erste Asset Management GmbH subsidiary Erste Alapkezelo Zrt. for €100 million.

The buildings, which span a total leasable area of about 36,000 square meters, are expected to be transferred later in 2018.

The 80%-leased complex, set to be completed in the third quarter, will include a 5,500-square-meter garden, outdoor coworking spaces, an amphitheater, a restaurant and a café.

The property is expected to receive Leadership in Energy & Environmental Design Gold certification.