Skanska invests €65m in Budapest office complex

Skanska has invested €65 million ($76 million) in the first phase of the new office complex H2Offices located in Budapest, Hungary.

The scheme will offer a total leasable area of about 26,000 square meters (280,000 square feet). The construction contract is approximately €39.5 million ($46.44 million), which will be included in the order bookings for Europe in the third quarter of 2020.

H2Offices complex consists of three buildings. It is located in the 13th district of Budapest, in the heart of Vaci Corridor, the new City Center of the city. The project is aiming for WELL and LEED Platinum certifications and will be the second WELL certified Skanska project in Hungary.

Construction works of the first phase will start in the third quarter of 2020 and are scheduled for completion in the third quarter of 2022.