Skanska sells Green House office project in Budapest, Hungary, for EUR 36 M, about SEK 323 M

ÖSTERSUND, Sweden--()--Regulatory News:

Skanska sells Green House office building in Budapest, Hungary, to the Hungarian open-ended property fund Torony Real Estate Investment Fund managed by Diófa Fund Management, a member of FHB Group. The value of the transaction is EUR 36 M, about SEK 323 M. The transaction will be recorded in the third quarter of 2014 and the transfer of the property is also scheduled for the third quarter of 2014.

Green House is Skanska’s sixth office investment in Budapest. The building is situated in the center of Budapest and offers 17,800 square meters of leasable office space. Green House was completed in December 2012 and currently up to 95 percent of the building is leased to well-established international tenants such as Avis Budget Group, MSCI and ABB.

The FIABCI World Prix d’Excellence Awards 2014 World Gold Winner and CEE Green Building awarded Green House is the only LEED Platinum certified office building in Hungary. The landmark project offers a unique atmosphere, friendly working environment, beautiful garden, variety of in-house services and a proven cost efficient green operation.

Skanska Commercial Development Europe initiates and develops property projects in office, logistics and commercial buildings. The company’s operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.

For more information, please contact:

Zoltán Linczmayer, Managing Director, Skanska Property Hungary, tel: +36 1 382 9100

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 10 448 88 08

Direct line for media: +46 10 448 88 99

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

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Today, Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 57,000 employees in selected home markets in Europe, the US and Latin America. Skanska's sales in 2013 totalled SEK 136 billion.

This information was brought to you by Cision http://news.cision.com

Contacts

Skanska Property Hungary
Zoltán Linczmayer, +36 1 382 9100
Managing Director
or
Skanska AB
Edvard Lind, +46 10 448 88 08
Head of Media Relations
or
Direct line for media: +46 10 448 88 99

Skanska Green House Budapest 6 (Photo: Business Wire)

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Contacts

Skanska Property Hungary
Zoltán Linczmayer, +36 1 382 9100
Managing Director
or
Skanska AB
Edvard Lind, +46 10 448 88 08
Head of Media Relations
or
Direct line for media: +46 10 448 88 99