New project to the Skanska portfolio on Könyves Kálmán körút

Skanska has proven its strong faith in the future of the Hungarian office market and especially in the future of the so-called ?airport corridor? by purchasing a new, 2 ha site on the Könyves Kálmán körút.

The new project, should be seen as the next chapter of the recently started Népliget Center and will facilitate approximately 60,000 sqm of modern office space. With the new development site, Skanska sharpens the competition among developers who are interested in the accomodatiing the new governmental offices. The total capacity of the area combined with Népliget Center is around 90,000 sqm of class A office space at a great location with high visibility, good infrastructure and easy accessibility With its present portfolio, Skanska, an experienced international developer, can perfectly meet the demanding requirements of both governmental bodies and private business.

Skanska has an excellenet track record in Hungary and has developed more than 100,000 sqm A-class office buildings, at high quality and on time.

?According to our research the international and national companies are highly interested in the Airport Corridor. Increased activities of our competitors has also proven that developers are also ready to take the advantages of this area. During the leasing period of Népliget Center we realised that our partners recognised and evaluated the cost and time saving possiblities of this loction. The proximity of the airport is indisputable, as well as the easy accessibility and the great public transport situation. I?m sure that our developments in Hungary have been already shown that Skanska is representing itself on the market only with first class services. With first class services I also mean creating high quality standards office buildings on time at a competitive price level.?- said Andreas Lindelöf, Managing Director of Skanska Property Hungary Kft.

Budapest, with similar conditions to Prague, Warsaw and major cities in the Nordic region, is one of Skanska?s prioritized markets for project development. One of Skanska?s projects in Budapest is the Népliget Office Center with an estimated investment of 24 M EUR. Népliget Center, as a keystone of the Airport Corridor will offer A-class office space on about 26,600 sqm and its first phase (9,200 sqm) will be finalized by December 2007.