WING's industrial real estate portfolio continues getting greener
2025-01-14
WING and ALTEO Energiakereskedő Zrt., the ALTEO Group’s energy trading company, have entered into a strategic cooperation agreement under which ALTEO will supply 100 percent of the industrial properties managed by WING Industrial, WING’s sub-brand, with electricity from clean and renewable energy sources, both in 2025 and 2026. This cooperation takes the partnership between the two companies and WING’s green commitment to a whole new level.
The cooperation is not new between WING, one of the leading real estate developers and investors in the Central European real estate market, and ALTEO, an energy company listed in the Premium category of the Budapest Stock Exchange: ALTEO continues to support WING in 2025 as a trader in the procurement of green electricity for the industrial parks Airport City Business Park, East Gate Business Park, East Gate PRO Business Park and Login Business Park, and two office buildings, Liget Center and Liberty, as well as the hotels at Budapest Liszt Ferenc International Airport, including the ibis and TRIBE Budapest Airport Hotel.
As part of this strategic partnership, over the next two years, ALTEO will cover the energy needs of the entire portfolio of WING Industrial, the business division responsible for industrial and logistics developments at WING, with energy coming from a solar park managed by ALTEO. Furthermore, in 2025, 50% of the total electricity purchased by the entire corporate group will come from clean and renewable energy sources, marking a significant step forward in sustainability.
ESG criteria and sustainability are always priorities in WING’s developments: one of the Group’s long-term goals is to measure the energy consumption of buildings, with up-to-date data recording and analysis. Furthermore, WING aims to modernize facilities that waste gas and electricity, and to progressively develop energy-efficient buildings that rely on green electricity for their energy consumption, with a focus on both present-day requirements and tenant’s needs.
About WING Industrial
WING is a leading privately owned real estate development and investment group in the Central European real estate market. It has a presence in three countries – Hungary, Poland and Germany – through its majority stakes in Echo Investment and Bauwert. It is an active developer and investor in all segments of the Hungarian real estate market: office, industrial, retail, hotel, and residential. In line with its influential role in the industrial market, in 2022, WING created its own sub-brand, focusing on industrial and logistics developments, called WING Industrial.
With its current portfolio of 300,000 square metres – including East Gate, East Gate PRO, the Login Business Park and the Airport City business parks – as well as an additional 370,000 square metres of development potential, the Group has become one of the leading players in the Hungarian industrial and logistics real estate market over the past 25 years, thanks to its unique expertise, long-term partnerships and comprehensive industrial and logistics real estate solutions. It is committed to offering both standard and customized solutions for tenants, incorporating sustainability aspects into its developments as well. WING is Hungary’s leading BTS (built-to-suit) developer. Its projects can be found along all the main strategic logistic routes around Budapest, strengthening the industrial and logistics infrastructure of the region of Central Hungary.
WING Industrial’s high-tech buildings offer industrial halls suitable for manufacturing, assembly, fulfillment, and warehousing, with high-quality office and service functions available on demand. A key focus is ensuring that its industrial halls are built in an environmentally friendly way, promoting the health and well-being of those working there.