Skanska divests second phase of H2Offices in Budapest, Hungary, for EUR 98M, about SEK 1.1 billion
Why this matters
Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed capital deal value tracked in September 2026: $13.5B across 36 reported transactions.
Computed from Real Estate Trail’s own tracked coverage
STOCKHOLM, Sept. 25, 2026 /PRNewswire/ -- Skanska has divested the second phase of the office complex H2Offices in Budapest, Hungary, for EUR 98M, about SEK 1.1 billion. The buyer is ERSTE Open-Ended Real Estate Inves…
External link. Real Estate Trail does not republish source content.
Related coverage — Capital
Deloitte: CRE Investors Get More Selective With Capital Heading into 2027
Commercial real estate executives are conflicted as they look toward 2027. Sally Ann Flood, Courtesy of Deloitte On the one hand, more capital will likely be available and continue to move. On the other hand, there wi…
Invesco Real Estate Fund Q2 2026 Commentary (Mutual Fund:REINX)
Two funds bought 191,058 and 637 real estate fund shares at $26.17, Blackstone (BX) reports.
Why credit unions are missing the boat on reverse mortgage demand
Credit unions originated very few of the 36,000 reverse mortgages in the past 12 months, executives told ACUMA attendees
Office of the President of the Republic of Paraguay and J.P. Morgan Asset Management Announce $200 Million Investment in Sustainable Forestry in Paraguay
NEW YORK and ASUNCIÓN, Paraguay, Sept. 24, 2026 /PRNewswire/ -- At this week's Paraguay Investment Forum NYC 2026, the Office of the President of the Republic of Paraguay and J.P. Morgan Natural Capital announced an i…
HouseCanary’s bankruptcy fight is tied to a potential $260M payday from Rocket Close
Court filings cite a $30M loan default and a pending final judgment on 2026 damages