Skanska Sells Office Project in Budapest

Mill Park. Image: Skanska
Mill Park.

Sweden Sweden Skanska sold Mill Park, a two-building office project in Budapest, Hungary, to the real estate fund of Erste Alapkezelő Zrt., a subsidiary of Erste Asset Management GmbH, for EUR 100M.

2018-08-08

Share via e-mail

The Mill Park complex is located in the 9th district of Budapest, an established office location within the Central Pest Submarket and close to some of the city's cultural and academic institutions. The property comprise of two office buildings with a total leasable area of about 36,000 square meters. The complex is already leased to about 80 percent to multiple tenants. Mill Park offers a 5,500 square meters multifunctional garden with a green area and recreational facilities. Outdoor co-working spaces, an amphitheater, a restaurant and a café is also available for tenants.

The Mill Park complex will be completed in the third quarter of 2018 and is expected to receive LEED Gold (Leadership in Energy & Environmental Design) certification.




Axel Ohlsson
axel@nordicpropertynews.com




Why Pandox Reject the Swedish Market

Sweden Sweden With the completion of another major British hotel purchase Pandox CEO Anders Nissen tells Nordic Property News why the Swedish market is not an alternative for Pandox at the moment and his views of the European markets.


Corem Acquires from Stendörren

Sweden Sweden Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

Akelius Lowers the Risk

Sweden Sweden Akelius adjusts the finance policy. The new policy highlights the ambition to have a credit rating of BBB+ or better. The credit rating shall be minimum BBB.

Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”

Castellum Sells to Stendörren

Sweden Sweden Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).


Niam Appoints Director

Sweden Sweden Niam has appointed Christian Ekberg Director, Acquisitions.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Willhem Purchases for EUR 46M

Sweden Sweden Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

SBB Acquires Saab Kockum's HQ

Sweden Sweden SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.

”Swedish Companies Act Too Cowardly”

Sweden Sweden Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?