Skanska divests second phase of H2Offices in Budapest, Hungary, for EUR 98M, about SEK 1.1 billion

Skanska has divested the second phase of the office complex H2Offices in Budapest, Hungary, for EUR 98M, about SEK 1.1 billion. The buyer is ERSTE Open-Ended Real Estate Investment Fund, represented by ERSTE Alapkezelő Zrt. The transaction will be recorded by Skanska Commercial Development Europe in the third quarter of 2026. The transfer of the property is scheduled for the fourth quarter of 2027.

The second phase will offer a total leasable area of approximately 22,000 square meters, all of which has been leased to a global company under a 10-year lease agreement. The building is currently under construction and is scheduled for completion in the first quarter of 2027.

H2Offices is a three-building office complex located in the Váci Office Corridor, one of the top business locations in Budapest. The project is designed to deliver exceptional energy performance through highly efficient building systems, four-season heat pumps, rooftop photovoltaic panels and low primary energy demand. The second phase is targeting LEED Platinum-, WELL Platinum- and Access4You Gold certifications.

Once fully completed, H2Offices will offer approximately 67,000 square meters of modern office space in total. The development is surrounded by a landscaped environment at one of Budapest’s busiest business locations.

For further information please contact:

Anna Wiśniewska, Vice President Communications and Marketing, Skanska Commercial Development Europe, tel +48 797 019 460 

Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com/group.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world’s largest construction and project development companies, with 2025 revenue totaling SEK 179 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 25,900 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.