A unique pop-up exhibition has been launched at the Liget Center, developed by WING. In collaboration with Art is Business and the architectural firm Paradigma Ariadné, the company has created an architectural history exhibition titled "Modernism in Pieces." This exhibition centers on the former MÉMOSZ headquarters, now serving as RTL's downtown base. Recognized as an outstanding example of Hungarian modernist architecture, the complex was granted heritage protection in 1999. The aim of the organisers is to present the past, present and future of the 75-year-old building through the history of the property, which has undergone an exemplary monument renovation.

This year, for the sixth time, EuropaProperty hosted the CRE Real Estate Awards event, which annually recognizes the best buildings, companies, real estate transactions, and industry professionals in the international markets of Hungary, the Czech Republic, Slovakia, and the Balkan region. As in the previous year, WING has once again received several awards, winning in the categories of "Office Project of the Year," "Hotel Developer," and "Office Developer of the Year."

The 3rd and final phase of LIVING’s Kassák Project development, Kassák Terrace, has reached a major milestone, receiving its final use permit ahead of schedule. Located in District 13, at the intersection of Klapka utca and Kassák Lajos utca, just a short walk from Váci út, the residential park has 246 apartments with A+ energy rating and cutting edge energy solutions for cost-effectiveness. In line with LIVING’s standards, the residential park offers community services and smart home functions to residents. Sales of the apartments are underway.

One of Hungary's largest commercial TV channels, RTL Hungary, has moved into its new downtown home, Liget Center, developed and owned by WING and located next to the City Park (Városliget), celebrated by an opening ceremony. The reconstruction of the building complex itself is a real estate development feat, as a listed building of outsanding artistic and historical value was reborn in the form of a unique office complex, where WING preserved the original modernist architectural features, while incorporating the latest technology and the special functional needs of RTL's broadcasting activities.

WING celebrated with an extraordinary event: Liberty, one of the country's most modern and ESG-compliant mixed-use complexes, has reached its final stage. The second phase of the project, comprising a total of 20,000 square meters of office space, was inaugurated. The event also included the inauguration of the WING Lemniscate, a contemporary sculpture located between the Telekom Campus and the Liberty building.

WING has yet again been awarded the Business Superbrands certification, making it one of Hungary's 500 leading brands. For 17 years, the award has been recognizing the success of business brands, brand quality and the work invested in brand building. The award is decided by the independent Council of the Superbrands Hungary Programme, based on professional criteria.

Noah Steinberg, Chairman and Chairman&CEO of WING, has been included in the 2024 Top 50 Real Estate Executives list in Hungary. The Top 50 Real Estate Executives is an annual special publication by the BBJ Budapest Business Journal that profiles the most influential real estate leaders working in the Hungarian economy. In the interview, Noah Steinberg addressed several interesting questions, including pressing issues affecting the industry, the needs of Hungarian ESG goals, and the future of retail in Hungary.

Budapest Liszt Ferenc International Airport will have one more hotel with direct access to the terminal next year, as the 167-room TRIBE Budapest Airport Hotel, another WING project, has reached the stage of structural completion. The new, four-star hotel will be inaugurated in 2025 Q2 and will be located within walking distance of the entrance to Terminal 2. TRIBE Budapest Airport Hotel will be operating in direct connection with the three-star ibis Styles Budapest Airport Hotel, which was opened in 2018. The new hotel will be an important element of the airport's infrastructure expansion programme, intended for both business and leisure travelers.

As a further step in its sustainability efforts, WING has successfully completed its green power purchase, which means that this year, 47% of its entire real estate portfolio's electricity needs will be provided by renewable energy sources generated in Hungary. The milestone covers the entire industrial portfolio - Airport City Business Park, East Gate Business Park, East Gate PRO Business Park and Login Business Park -, as well as the newly completed developments, Liget Center and Liberty office and hotel, which are 100% powered by green electricity this year.

WING is bringing a completely new real estate solution to the market: HOP will be transformed into a technology office park, from now on called HOP Technology Office Park. The real estate developer took into account the ever-changing business and ESG needs of employees and potential tenants for modern offices, as well as the specific technical requirements of technology-intensive companies, resulting in a new kind of downtown campus, both internationally and domestically. The existing buildings in the technology office park, which covers a total of 3 hectares, are now almost entirely occupied, which is a strong market feedback for the real estate developer to start the scheduled realisation of the further development potential of the property (around an additional 40 thousand square metres).

The Liget Center project - developed by WING - , has reached a new milestone: the Liget Center Auditorium has received its occupancy permit; therefore, RTL Hungary is soon to move into its new downtown base next to City Park (Városliget). From this summer, the modernised building will house RTL's news directorate and studios for its news and infotainment programmes.

This year, WING will again support SOS Children’s Villages with HUF 5 million, thereby helping young people in state care to prosper. For more than half a decade, the company has been committed to the work of the charity organization, which provides loving and safe homes for around 400 children in state care in Hungary. One of the focus areas of WING’s corporate social responsibility is supporting young people, both in terms of catching up, equal opportunities, and talent management.

Liget Center Auditorium, a 70-year-old listed building renovated by WING, has been given rating “A” for energy performance. The highest level of energy modernisation is almost unique among historic buildings in the Hungarian office market. WING installed the most energy-efficient systems possible in Liget Center Auditorium, taking into account the characteristics of the monument, the ESG aspects and the special technological needs of RTL Hungary, and thanks to the reconstruction, the building, which has a modern architectural value, was reborn as a nearly zero-energy building.

Cloud IX, Budapest’s latest extravagant skybar, now welcomes patrons at the ibis & TRIBE Budapest Stadium Hotel in the WING Liberty building. Opened last December, the hotel complex blending two brands of the French hospitality group Accor boasts a total of 332 rooms and a wide range of services at Népliget in Budapest’s District IX, adjacent to the Telekom Campus and Groupama Arena, and near the MVM Dome.

Budapest City Park (Városliget) will soon find itself home to a new and unique real estate development: the WING Liget Center multi-building project. The development will involve not only the reconstruction of two buildings listed as historic monuments – serving as the main offices for RTL – but a brand-new boutique office building named Liget Center Vitrum will also be completed in the autumn. Construction is proceeding on schedule, and the Vitrum building is now structurally complete. Vitrum is a nearly zero energy building and will offer a total of 2,200 square metres of leasable office space over six floors, with a range of green and smart solutions for tenants opting for a downtown location. The building will be handed over in its shell and core stage in autumn 2024.

LIVING’s popular Kassák Terrace and Park West 3 residential developments have been classified as brownfield projects, and now private individuals can reclaim VAT when they buy homes in these developments. Buyers can save several million forints even when buying smaller apartments if they choose a brownfield location, a joint study by LIVING, a leading residential property developer, and the Eltinga research centre has revealed.

Another international tenant will move into the mixed-use Liberty building developed by WING in the fall of 2024: Flowserve Hungary Services is a domestic subsidiary of Flowserve Corporation, one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. Under the contract, the new tenant will move into the 5th floor of the building, with an office space of 2,550 square metres.

The largest hotel ever developed by WING has received international recognition: the interior design of TRIBE Budapest Stadium Hotel, envisioned by AKSL arhitekti, has been awarded in three categories at LIV Hospitality Design Awards, which recognises excellence in the hospitality industry. The hotel was awarded in the categories Hotels – Midscale & Lifestyle, Hotels – Best Jury’s Pick and Brand New. Hungary’s first TRIBE hotel offers a wide range of services and 166 rooms in the Liberty building in Budapest, next to Népliget.

With strong investor interest and an oversubscription, WING has successfully completed a EUR 37 million bond issue. With an aggregate principal amount of EUR 37 million, the bonds have a maturity of 3 years and a fixed interest rate of 8.90 percent. The real estate development company has accepted all offers received, intending to use the funds raised from the successful issue to pursue new investment opportunities and launch new real estate development projects.

In less than two years, GOBUDA Mall, the largest shopping centre in Óbuda, opened in March 2022 as part of a WING development, has become one of Óbuda's most popular meeting and shopping destinations, offering visitors an easily accessible venue for meetings, shopping and entertainment. With a leasable area of 25,000 square metres, the complex hosts around 100 stores and has an occupancy rate of almost 90 per cent.

Over the next three to five years, WING’s top Polish real estate developer subsidiary, Echo Investment is planning to commence the development of modern, energy-efficient accommodation units specifically designed to house 5000 students in the university cities of Poland. For this purpose, it is establishing a joint subsidiary with Signal Capital Partners, a London-based asset management firm focusing on corporate and real estate investments, as well as Griffin Capital Partners, the leading investment and asset manager in Central Eastern Europe. These two companies are the majority shareholders of the joint venture with a 70 percent share, while the remaining 30 percent is owned by Echo Investment, which will also be involved in the partnership as a real estate developer.

On 29 February, the leading operators and major projects on the Hungarian real estate market were celebrated at the 2024 Real Estate Awards gala. The event was held at the Pesti Vigadó, and WING won in the Upcoming Hotel Development of the Year category with TRIBE Budapest Airport Hotel. WING also ranked first in the Developer of the Year category.

Four new tenants will be moving into Liberty, WING’s mixed-use development, in summer 2024. Coop, FedEx, Praktiker and 3 Print have concluded lease agreements for a total of more than 3,500 square meters of office space. The new tenants will have access to a number of services in the complex, in which the occupancy rate of retail areas is now 100%.

With the completion of its 1,000th apartment, LIVING, WING’s umbrella brand for residential developments, has reached a major milestone. The residential developer currently has three ongoing projects in Budapest’s 13th District, and the total number of LIVING apartments delivered since the company was established and that are currently under development is close to 2,000. LIVING focuses on smart and sustainable solutions, energy and cost-efficiency, and the individual needs of its clients. It uses this approach in all of its developments.

WING Industrial has concluded a major agreement with a leading regional parcel logistics operator at East Gate Pro Business Park. The business park, the latest phase of the popular East Gate project, is located at the junction of the M3 and M0 motorways. The third hall of East Gate PRO Park was completed last year, and now there is a long-term pre-lease agreement for the fourth hall, B2. The 9,000-square-meter building, a build-to-suit (BTS) development with a pre-lease agreement, is to be completed by the end of 2024.

Tibor Tatár heads the Hungarian residential and office development business of WING, one of the leading real estate development and investment groups in the Central European real estate market, from 10 January 2024. In this newly created position, he will be responsible for the implementation of WING's Hungarian residential and office development strategy, the management of the business, and the preparation, execution and overall supervision of projects in these areas.

One of Accor’s fastest-growing hotel brands across Europe, TRIBE, opens the doors of its first hotel in Budapest. Together with ibis, the newly constructed dual-branded hotel is located in Liberty, WING’s unique mixed-use project. ibis & TRIBE Budapest Stadium offers 332 hotel rooms, split evenly by the two brands, and a complex set up with various F&B outlets, as well as meeting and fitness facilities.

Compared to other cities, gross yields in Budapest, calculated from purchase prices and revenue from rent, are among the highest, which means the Hungarian capital is still a great destination for those investing in residential property. While the prices of apartments have skyrocketed in recent years in Hungary, in an international context, residential property in Budapest is still quite inexpensive. To provide potential (Hungarian and foreign) investors with sufficient information, LIVING, Hungary’s leading residential property developer, partnered with the ELTINGA research centre to conduct another joint study, presenting the opportunities the residential property market has to offer in Hungary in general, and in Budapest in particular.

Property Investment Forum brought us Property Awards again this year, celebrating the most significant achievements of the past 12 months. WING won the Real Estate Investment Transaction of the Year – Abroad category with the acquisition of the majority of Bauwert AG’s shares, and the Office Rental Transaction of the Year category with its agreement with Lightware on the lease of a building in HOP Technology Office Park.