Máriássy House office complex has been traded
2022-10-20
WING has sold its iconic headquarters office complex, Máriássy House, which has been in the company’s ownership since 2003. The complex, including a renovated historical marketplace used as loft office, the “Borjúvásárcsarnok” (Calf Market Hall), and a modern office building constructed in 2005, was acquired by GRAWE Group.
WING has sold its iconic headquarters to the Austrian real estate company GRAWE Immo AG, member of GRAWE Group. The acquisition of this unique complex, made up of a modern office building and a truly unique renovation loft project, was with a clear investment focus from the purchaser, who will benefit from the rental income secured by an excellent tenant mix. During the transaction WING was represented by the real estate brokerage firm, AN Limited.
WING Group is the leading real estate developer and investor in Hungary with a strong regional presence. The old market hall with the below site was acquired by the company in 2003 and consequently it launched its renovation project to create a loft type office premise over 3,600 s qm. Following this, WING developed a 5,900 s qm modern office building on the site, increasing the total office GLA of the project to 9,500 s qm, accompanied by 157 parking spaces. Máriássy House benefits from an excellent location on Könyves Kálmán ring road at the Pest side of Rákóczi Bridge, only a 10-minute drive from the city centre and a 20-minute drive from the airport, in the close vicinity of several multinational companies’ headquarters.
Creating value through the development of new properties as well as through the preservation and renovation of the existing built environment are among the core activities of WING. Máriássy House is a great example of this, while its disposal perfectly fits the company’s business plan. Máriássy House has been the headquarters of WING since 2006, where the company will continue its operations after the sale.
