Building structure completed at Kassák Terrace, the third phase of LIVING’s Kassák project
LIVING’s Kassák Terrace residential development, the third and final phase of the 740-unit Kassák project, has reached its highest point. Located in District 13, at the intersection of Klapka utca and Kassák Lajos utca, just a short walk from Váci út, the residential park will have 246 apartments with AA+ energy rating and advanced, cost-effective technical solutions. The construction work at Kassák Terrace is on schedule, with handover – and the completion of the whole Kassák project – expected in the first half of 2025. Sales of the third and final phase apartments have already started.
Kassák Terrace, Kassák project’s third phase at the intersection of Klapka utca and Kassák Lajos utca in District 13 with AA+ energy rating and 246 cost-effective apartments, has reached its highest point. Kassák Residence, the first phase of the project and LIVING’s first residential development, was handed over in 2020, while the second phase, Kassák Passage, was completed in the second half of 2022. With the handover of the third and final phase, the Kassák project, which includes a total of 740 apartments and its own 9000-square-meter park, will be complete. The project is scheduled for completion in the first half of 2025.
The residential park is conveniently located, in close proximity to Váci út, ensuring easy access to outstanding infrastructure and a broad range of services in the vicinity. Downtown Budapest is easily accessible by car and public transport, yet the development is located in a quiet, tranquil area. Kassák Terrace is a perfect choice for those who prefer an active lifestyle as Margaret Island, the Danube and the City Park, currently undergoing renewal, are easily accessible.
Kassák Terrace offers practical studio apartments as well as large six-room penthouse units with efficient floor plans and panoramic views. 21 homes in the project will have direct garden access. The underground parking garage of the residential development will have 259 parking spaces, including 190 with electric chargers.
‘Kassák project, LIVING’s first residential development, is highly popular among customers and has now reached another milestone. The third phase has reached its highest point and it is expected to be completed in the first half of 2025. This means that the whole Kassák project, which covers nearly 100,000 square meters, and has been a pivotal project of LIVING in recent years, will be complete. The 246 apartments currently under construction will be the most technically advanced complex of the project: cutting-edge energy-efficient and cost-efficient solutions have been used during planning and construction and such solutions will be available to homeowners as well’ said János Martin, WING’s Deputy CEO and LIVING’s Director of Residential Development.
Kassák Terrace will have an AA+ energy rating and will offer surface heating and cooling, a heat pump solution, and apartments with high technical standards. The triple-glazed plastic doors and windows allow for more efficient sound and thermal insulation, resulting in far lower annual heating and cooling costs compared to traditional homes.
In line with LIVING standards and like the first two phases of the Kassák project, Kassák Terrace offers unique LIVING Service packages. These cover three areas to make residents’ lives easier: Community LIVING services will include a living room-lounge, a library and a parcel pick up point accessible 24/7. Smart LIVING smart home solutions make these new homes energy efficient, safe and secure. A new LIVING application is being launched, which residents can use to customise the smart home features of their apartments and to access the community services of the building. LIVING Solutions services make it easier for owners to manage any and all issues related to their new property, whether they bought it for themselves or as an investment.
New Tenants to Move into WING’s Liberty Building this Summer
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%.
LIVING delivers its 1000th apartment
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.
Another tenant chooses WING’s East Gate Pro Business Park
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.