Wing launches first residential project


Hungary’s leading property developer is launching the Kassák Residence project under its new LIVING umbrella brand. WING Zrt. is launching its first residential property development: the Kassák Residence project in the heart of Budapest’s District XIII will be a residential park offering smart homes and primarily targeting young people pursuing a modern urban lifestyle. In the first stage of the approximately 700-unit project, two buildings containing a total of 230 homes will be constructed in the first half of 2018, with public sale of the flats to start at the beginning of January 2018.

Hungary’s leading property developer and investor WING Zrt. is expanding into the residential market: the company is now launching its first residential park project in Budapest’s District XIII, under the name of Kassák Residence. The environmentally friendly apartments, offering smart solutions and a high standard of comfort, look set to be deservedly popular among young people pursuing an urban lifestyle, as well as buyers who appreciate the development’s proximity to Váci út and Dózsa György út. In the first phase of the approximately 700-unit project, consisting of six buildings of three-, six- and eight-storey blocks, which is being constructed on a site of over 2 hectares, bordered by four streets, the construction of two buildings containing a total of 230 homes will get under way, on the part of the site adjacent to Angyalföldi út, in the first half of 2018.

“As the leading property developer, and also as an innovative company, we are always seeking new business and development opportunities in various segments of the domestic real estate market. So now we would like to take our twenty years of real estate development expertise and also capitalise on it in the residential property development sector”, said WING Zrt’s Chairman & CEO Noah Steinberg, commenting on the project. He added that with this latest residential park development, similarly to the company’s commercial properties, creating value and taking a people-centred approach are among the most important considerations driving the project. This is also the ethos projected by the LIVING umbrella brand under which WING Zrt will develop its future residential projects. “Our offices are great places to work, and the homes that we build will be great places to live”, said Steinberg, adding that WING’s stable and financially strong investor background and its existing reference projects, which have had a key role in shaping the Budapest cityscape, all represent a guarantee of quality for buyers.

Kassák Residence is situated in District XII, next to Váci út, 10 minutes away from the city centre in a location that’s easily accessible by car and public transport alike, but nevertheless shielded from traffic noise. The neighbourhood of the site bordered by Kassák utca, Klapka utca, Angyalföldi utca and Apály utca is exceptionally well-served with infrastructure, with a playground, nursery school, school, park and shopping opportunities all nearby. “The site also has potential for further development, so it will probably become even more in-demand in future. This means the properties purchased here will not only hold their value, but are also likely to go up in price”, highlighted János Martin, WING Zrt’s director for residential projects.
The flats being built in Kassák Residence will be truly smart homes: the orientation of the buildings and the configuration of their facades was performed using a unique, simulation-assisted energy-efficiency analysis. As a result of this, energy-efficient homes offering an exceptionally high degree of comfort are being created, with cooling and heating costs that are potentially 30 percent lower than those of a traditionally constructed apartment. Residents will be able to control building services remotely via their mobile phones using a “smart home” application, and all parking spaces in the car park will have accommodation for an electrical car charger to be installed.

The areas of the flats will be 30-130 m2, ranging from studios to multi-room apartments. Based on current demand, the majority of available units will be around 50 m2. Flats in Kassák Residence could be attractive primarily to young people and families with small children, who are looking for proximity to the city centre, a high number of quickly accessible services, affordability and protection of the environment. Besides this group of potential buyers, the residential park offers an ideal opportunity for anyone looking for a new home in this dynamically evolving part of District XIII, or who would like to make an investment here.

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