{"id":1004266331,"date":"2018-09-21T07:38:17","date_gmt":"2018-09-21T15:38:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004266331"},"modified":"2022-12-08T12:31:48","modified_gmt":"2022-12-08T20:31:48","slug":"skanska-invests-35m-in-budapest-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/skanska-invests-35m-in-budapest-office-campus\/","title":{"rendered":"Skanska Invests $35M in Budapest Office Campus"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004266337\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004266337\" data-attachment-id=\"1004266337\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/skanska-invests-35m-in-budapest-office-campus\/nordic-light\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Nordic Light\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Nordic Light&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg?w=400\" class=\"wp-image-1004266337 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004266337\" class=\"wp-caption-text\">Nordic Light<\/p><\/div>\n<p>Skanska has invested around $35 million (SEK 308M) in the third phase of Nordic Light, an office project in Budapest, Hungary. Construction has already begun and the building is scheduled for completion by the second quarter of 2020.&nbsp;<\/p>\n<p>This last building will complete Nordic Light Trio, which includes two additional assets that were delivered, leased and sold in 2016.&nbsp;The third structure will comprise around 150,000 square feet of office space across six floors, as well as three underground parking levels.&nbsp;<\/p>\n<p>The entire campus aims to achieve WELL certification, minimizing the property&#8217;s environmental footprint and reducing operating costs.&nbsp;<\/p>\n<p>Skanska has remained active within the Hungarian market. Last month, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/skanska-sells-major-budapest-office-project\/\">sold Mill Park in Budapest for $116 million<\/a>. The two-building office project was purchased by the real estate fund of Erste Alapkezel\u0151 Zrt., a subsidiary of Erste Asset Management GmbH.&nbsp;The 387,500-square-foot property features outdoor coworking spaces, an amphitheater, restaurant and caf\u00e9, as well as a garden of nearly 60,000 square feet with a green area and recreational facilities.<\/p>\n<p><em>Image courtesy of Skanska&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction on the third phase of Nordic Light, a 150,000-square-foot complex, has begun. The building is scheduled for completion by the second quarter of 2020.\u00a0<\/p>\n","protected":false},"author":746,"featured_media":1004266337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,16,21783,21742,21747],"tags":[32886,34432],"class_list":["post-1004266331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-international","category-investment","category-latest","category-office","tag-skanska","tag-well-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Skanska Invests $35M in Budapest Office Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/skanska-invests-35m-in-budapest-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skanska Invests $35M in Budapest Office Campus\" \/>\n<meta property=\"og:description\" content=\"Construction on the third phase of Nordic Light, a 150,000-square-foot complex, has begun. The building is scheduled for completion by the second quarter of 2020.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/skanska-invests-35m-in-budapest-office-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-21T15:38:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:31:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Nordic-Light.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"Skanska Invests $35M in Budapest Office Campus\",\"datePublished\":\"2018-09-21T15:38:17+00:00\",\"dateModified\":\"2022-12-08T20:31:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/\"},\"wordCount\":193,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/09\\\/Nordic-Light.jpg\",\"keywords\":[\"Skanska\",\"WELL Certification\"],\"articleSection\":[\"Deals\",\"Development\",\"International\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/skanska-invests-35m-in-budapest-office-campus\\\/\",\"name\":\"Skanska Invests $35M in Budapest Office Campus - 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