Skanska has divested the second phase of its H2Offices scheme in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (SEK 1.1 billion). The 22,000-square-metre building is fully pre-leased to an international firm on a 10-year term. Skanska Commercial Development Europe will record the transaction in the third quarter of 2026, with property handover scheduled for late 2027.
The St. Regis Budapest has officially opened within the historic Klotild Palace. This marks the luxury brand's first entry into the Hungarian market. Located near the Danube, the hotel restores a Belle Époque landmark to offer high-end accommodation and signature butler services. The development features over 100 guestrooms and suites alongside exclusive dining venues, further strengthening the presence of the St. Regis brand in Europe.
The TRIBE Budapest Airport Hotel, developed by WING, has officially opened near Terminal 2 of Liszt Ferenc International Airport, offering 167 design-forward rooms, conference facilities, and a rooftop sky bar. The new four-star property is aimed at enhancing traveler experience and strengthening Budapest’s airport hospitality infrastructure, while also marking TRIBE’s second location in the Hungarian capital.
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