European Union buys the Wing Millenáris Modern office building


European Union House is moving to a new location and will expand to include an information and cultural center

The European Union has purchased WING’s recent development, Millenáris Modern office building in the Millenáris Park. From autumn the building will house the European Commission Representation in Hungary and the Budapest Information Office of the European Parliament’s. A new EU information and cultural community space will open on the ground floor at the start of next year, when Hungary assumes the EU presidency, and there will also be a library of specialized publications for visitors in the gallery. Important factors for the buyer were the office building’s excellent central location, the culturally vibrant and family-friendly surroundings of Millenáris Park, the emblematic character of the building, and its easy visitor access.

The Millenáris Modern office building is located in the business center of Buda, but nonetheless in a green environment. One of three office buildings developed by WING in Millenáris Park, Millenáris Modern was created through the renovation of the “U” industrial building of the old Ganz manufacturing plant. The architectural quality that resulted from the renovation entirely redefined the park’s atmosphere and contributed to the development of the immediate environment. As part of the project, WING renovated the popular fairy tale-themed Péter Zöld playground, and converted both the playground and its surrounding area into a public park for the enjoyment of visitors. The excellent location, the high architectural standards applied, and the renewed environment combined makes the building particularly worthy of its new function.

Noah M. Steinberg, President and CEO of developer WING Zrt. said: “WING is a Hungarian-owned, professional real estate developer which delivers high-quality buildings in good locations. WING’s buildings represent value in both the architectural and functional sense, together with cost effectiveness and environmental consciousness. Through its activities, the company creates workplaces and contributes to the country’s development. The new representation of the European Commission reflects all of this.”

The technical solutions applied in the Millenáris Modern make it one of the most flexible and efficient office buildings in central Buda. Besides office space, the uppermost floor of the seven-story building contains a large conference room and a scenic panoramic terrace. The ground floor and gallery will house the information center and the specialized library. The stairway provides direct access to the two-level underground garage. The entire building will be barrier-free.

Usable space: 2,200 m2

Developer: WING Zrt.

Financing bank: CIB Bank

General contractor: Market Építő

Architectural design: DPi, Terem Kft

Valuation agent: Eston

WING Zrt. press release

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