Skanska's Major Investment in H2Offices Project Phase Two
Skanska's Strategic Investment in H2Offices
Skanska has made a bold move by investing EUR 76 million, approximately SEK 870 million, into the second phase of the H2Offices office project. This investment will develop a modern office complex that exemplifies sustainable architecture and innovative planning.
Details of the H2Offices Project
The H2Offices project includes a total of three phases of development. The second phase, set to rise to eight stories, will encompass around 22,200 square meters of gross leasable space. This significant space will cater to a variety of tenants seeking quality office environments.
Location and Benefits
Situated in Budapest's renowned Váci Office Corridor, this new phase promises not only excellent connectivity with local public transport but also a quick five-minute drive to the city center. Such advantageous positioning ensures easy access for both employees and clients alike.
Focus on Sustainability
At the heart of this development lies a commitment to sustainability. Skanska’s plans involve features that prioritize responsible resource usage and tenant well-being. The building is expected to achieve multiple certifications, including LEED Core & Shell version 4, WELL Core & Shell, Access4You, WiredScore, and SmartScore Certifications. Moreover, it will carry the WELL Health & Safety Rating, underscoring a dedication to health-focused design.
Construction Timeline
Construction of this next phase is scheduled to begin in the fourth quarter of 2024, with an anticipated completion date in the first quarter of 2027. This timeframe aligns with Skanska's vision of timely delivery and sustainable development processes.
Previous Developments in the H2Offices Complex
The first phase of H2Offices was successfully completed and inaugurated at the end of 2022. Subsequently, it was sold to ERSTE Open-Ended Real Estate Investment Fund during the third quarter of 2023. The initial phase boasts a gross leasable area of 27,000 square meters and is currently leased to prominent tenants, including Cofidis, Albemarle, Collonade, and the MBH Gondoskodás Fund.
Key Personnel Involved
For those interested in learning more about this investment or the project itself, contact Anna Wi?niewska, Senior Vice President of Marketing and Communications at Skanska CDE at +48 797 019 460, or reach out to Andreas Joons, Press Officer for Skanska Group, at +46 (0)10 449 04 94.
Frequently Asked Questions
What is the total investment for the second phase of H2Offices?
Skanska has invested EUR 76 million, about SEK 870 million, in the second phase of the H2Offices project.
What are the main features of the H2Offices project?
The project includes sustainable office spaces, a commitment to resource efficiency, and aims to achieve various certifications related to health and environmental standards.
When is the construction for the second phase scheduled to begin?
Construction is set to begin in the fourth quarter of 2024 and is expected to be completed by the first quarter of 2027.
Who were the tenants in the first phase of H2Offices?
The first phase was leased to several tenants, including Cofidis, Albemarle, Collonade, and the MBH Gondoskodás Fund.
How large is the office space in the second phase?
The second phase will provide around 22,200 square meters of gross leasable area for future tenants.
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