International presence

The activities of the WING Group on the international real estate market are managed by the WING International Holding Company (abbreviated as WING IHC). WING IHC is currently active in the Central and Eastern European region, in Poland and Bulgaria. The company’s expansion in Poland was the result of an acquisition, and it entered the Bulgarian market through a project purchase.

Major Polish real estate market presence

WING is the majority owner of Echo Investment. This establishes WING as a major regional player. Echo Investment is the largest Polish developer, the only one on the market with an extensive track record in three sectors of the real estate market: residential, commercial, and office. Echo Investment is a market leader in Poland in both the office and retail segments and is constantly strengthening its position in the residential property market.

As a company responsible for urban development, Echo is involved in large scale destination projects combining various functions. It creates places where people can work, live, play, and satisfy their everyday life needs. The company’s activity is focused in seven cities: Warsaw, Cracow, Łódź, Wrocław, Katowice, Gdańsk and Poznań. It has already completed 168 projects with a total area of over 1.7 million sqm in dozens of Polish cities. Since 1996, Echo Investment has been listed on the Warsaw Stock Exchange.

Website of Echo Investment

Bulgarian offices

WING purchased two office buildings in Sofia in 2018. Prizma Offices (formerly known as BULMAG Office Building and the DXC Office Building) is a modern and cost-effective office complex in the Mladost district, offering 8000 sqm of leasable office space on Tsarigradsko Boulevard, the main office corridor of Sofia. The property is accessible within 10 minutes both from the airport and from the downtown. Besides its excellent location, high-quality design and the attractive rental levels, the favourable payment terms make Prizma Offices a truly appealing place to rent.

The website of Prizma Offices

Management Board of WING IHC

Noah M. Steinberg
Chairman of the Board

Noah Steinberg
Chairman of the Board

Wing Group’s chairman and chief executive officer, one of its owners, and also the chairman of the supervisory board of Echo Investment. He has worked in Hungary since 1990. In his current position since 1999, he has been responsible for establishing Wing and oversees the company’s investment and development businesses covering all market segments – office, industrial and logistics, retail, hotel and residential – as well as its real estate services portfolio. He is also the chairman of the Royal Institution of Chartered Surveyors (RICS) in Hungary. Graduated from Princeton University (the Woodrow Wilson School of Public and International Affairs, Princeton University) with a BA, and from the Diplomatic Academy of Vienna) with an MA. He speaks English, Hungarian, French, German and Spanish.

Tibor Veres
Board Member

Tibor Veres
Board Member

One of the founders of the legal predecessor of today’s Wallis Group, which for several decades has been a leading investment firm on the Hungarian market. At present, he is the main owner of Wallis Group as well as the chairman of its board of directors, while he is also a member of the board of directors of Graboplast and Wing Group and the supervisory board of Echo Investment. In 2016, he acquired home improvement chain Praktiker, which then held a considerable real estate portfolio, thus significantly broadening the scope of Wallis Group’s interests. Three of the companies he established are active on the Hungarian stock exchange as issuers of bonds and shares. Wallis Group also includes Alteo Energy Services Plc., which specializes in renewable energy production, and AutoWallis Plc., which incorporates the automotive subsidiaries of Wallis Group. Graduated with an MA in economics from the Moscow State Institute of International Relations in 1986.

Péter Kocsis
Board Member

Péter Kocsis
Board Member

Wing’s deputy chief executive officer responsible for strategy, risk and supervision and a member of the supervisory board of Echo Investment. He joined Wing in 2006 and has been in his current position since 2009, where he is responsible for the risk analysis and supervision of a portfolio of around 35 property SPVs with €800 million of assets and an annual rental income of €50 million. He is also responsible for supervising three real estate service provider subsidiaries with a total annual turnover of €70 million, as well as for drawing up the strategy and business plans for a development portfolio valued at €500 million. He is the chief risk officer of two of Wing’s real estate fund management companies. Graduated from Corvinus University Budapest with an MA and subsequently completed postgraduate degrees at the University of Birmingham (MIS) and Georgetown University (MSFS). He speaks Hungarian, English and German.

Bence Sass
Board Member

Bence Sass
Board Member

Heads the international expansion activities of Wing Group, responsible for business development and transactions within the company and a member of the supervisory board of Echo Investment. He is a senior real estate professional with 17 years of experience in real estate investment. Prior to his current employment, he was a member of the UniCredit Bank’s leading real estate financing team. Graduated with a BA from the Budapest Business School and an MBA from the Budapest University of Technology and Economics. He is a member of the Royal Institution of Chartered Surveyors (RICS). He speaks Hungarian, English and German.