Photo:Skanska
Skanska has sold its dual-phased Mill Park development to Hungary’s Erste Alapkezelő, a subsidiary of Erste Asset Management. The cost of the deal wass €100m. This is the second acquisition deal between Skanska and the Hungarian fund following the Nordic Light transaction in 2016. Mill Park is located in Budapest’s District IX and offers 36,000 sqm. The property is 80 percent leased. The investment will be completed later this year and is expected to receive LEED Gold certification.
