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Skanska divests second phase of H2Offices in Budapest, Hungary, for EUR 98M, about SEK 1.1 billion
Source: PR Newswire
Housing & Real EstateM&A & Restructuring
Skanska divested the second phase of its H2Offices complex in Budapest to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (approximately SEK 1.1 billion). The transaction monetizes a completed office-property development and is modestly positive for Skanska's real-estate-development capital recycling, though the article provides no information on profit, book value, or closing timing.
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