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| Skanska Invests SEK 224 M in New Budapest Project Skanska, one of the world's leading construction groups, is initiating a new office project in Budapest. The investment amounts to SEK 224 M, of which SEK 177 M pertains to the first phase. The remaining amount relates to preparatory work prior to future phases, for example the garage and infrastructure. The property, which is being developed in the corridor between the airport and downtown Budapest. The Nepliget office project comprises a total of about 26,000 square meters leasable area and the first phase now being started involves 10,000 square meters. Leasing activity has begun and construction starts at mid-year. Occupancy is planned for the second quarter of 2008. write your comments about the article :: © 2006 Construction News :: home page |