Dentons Budapest Supports Sustainable Real Estate

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by KnowESG
KnowESG_Dentons Budapest Supports Sustainable Real Estate
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The Dentons Budapest real estate team, led by Partner and Practice Leader Judit Kővári, played a pivotal role in the successful conclusion of a significant deal involving their long-standing client, Skanska.

This transaction marked the sale of the initial phase of H2Offices in Budapest to the ERSTE Open-Ended Real Estate Investment Fund, demonstrating Dentons' steadfast dedication to sustainability and its unwavering support for environmentally conscious real estate ventures in line with their comprehensive ESG (Environmental, Social, and Governance) strategy.

Situated within the vibrant Váci Office Corridor in Budapest, H2Offices boasts an expansive leasable space of around 27,000 square meters. With an impressive occupancy rate of 74%, the building is home to esteemed tenants such as Colonnade Hungary, Cofidis Hungary, MBH Gondoskodás Fund, DBH Group, and Orbico Hungary.

The project has already obtained LEED Platinum Core and Shell version 4 certification, with further aspirations to secure WELL v2 Core & Shell certification and a WELL Health & Safety rating. Notably, H2Offices has been recognised with the Access4You Gold certification, underscoring its unwavering commitment to accessibility.

Judit Kővári, the leader of Dentons Budapest's Real Estate practice group, expressed her pride in the team's integral role in this transaction and their strong support for sustainable real estate initiatives.

She remarked, "Our Dentons Budapest team takes great pride in assisting Skanska in this significant transaction, which underscores our deep commitment to sustainability and the significance of environmentally conscious office projects. We eagerly anticipate continuing our support for such responsible environmental initiatives in the future."

Dentons Budapest is honoured to have been a key player in facilitating this transaction, aligning Skanska and the ERSTE Open-Ended Real Estate Investment Fund / ERSTE Alapkezelő Zrt. in their shared mission of promoting sustainable real estate investments.

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Source: Dentons

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