WING, one of the largest real estate companies in Hungary, is launching a new office development: HOP Passage will be a part of Hungária Office Park (HOP), the complex at the former Siemens site in Hungária körút. With A+ rated, premium office space with a gross area of 32,000 sq m, this new building will meet environmental and accessibility rating criteria and will offer customisable offices looking out onto an inner garden to its tenants, with flexible terms. Preparatory work is to start in late 2021, and the new building is expected to be completed at the end of 2023.

WING, a major player on the Budapest logistics market, is launching the second phase of the highly popular East Gate Business Park project at the junction of motorways M0 and M3. The development of East Gate PRO will start with the construction of two new halls with an area of over 20,000 sq m, in response to market needs and increased demand. WING, the owner and developer of the park, has been active on the Hungarian industrial property market for over 20 years, and has unique expertise in customised and complex hall solutions. The first halls of East Gate PRO will be completed in Q2 2022.

WING has completed the first Hungarian unit of B&B Hotels, having converted the former Angyal office building in Boráros Square, on the bank of the Danube in Budapest. The hotel features a restaurant, a bar, a rooftop bar with a view, two meeting rooms, and an underground parking garage with electric charging stations. All this and the excellent location make this hotel with modern and functional design a great choice for both leisure and business travellers. The new hotel will welcome its first guests in the summer of 2021.

WING’s Gizella Loft office building is nearing full occupancy with the signing of a long-term lease agreement with TK Elevator, for more than 2000 sq m of office space. The new space is scheduled to be completed and ready to welcome tenants in fall 2021.

LIVING, WING’s residential property development umbrella brand, has completed its new residential park, Metropolitan Garden, in District 13, near Béke tér. Metropolitan Garden offers cosy homes of various sizes between 30 sq m and 110 sq m in area. Each apartment has a balcony and is equipped with smart solutions. LIVING is the first company in Hungary to offer residential developments with community solutions. This way, Metropolitan Garden homeowners can enjoy community amenities benefitting daily life, which have seen increased demand as a result of changed circumstances in the recent period.

EuroCenter owner and developer WING has selected Bernecker Kft. to carry out general contractor tasks for the modernisation of the shopping centre located in the northern Buda area. The shopping centre has closed for the duration of the renovations and is scheduled to reopen in spring 2022, boasting a modern appearance and ready to meet 21st century customer demands. Construction work begins in late April.

WING has signed an agreement for the sale of two office buildings it has developed. Both located in Budapest, the Ericsson and the evosoft headquarters buildings are LEED Gold certified for environmental design and were built to meet the highest standards. The transaction fits with WING’s years-long international growth strategy, as the company aims to become a key market player in the region’s real estate market. WING is focusing on continuing to expand its business operations, property development and investment activities in the region.

The Budapest software development centre on the banks of the River Danube has been officially opened.

The Login Business Park is set to expand with a new hall offering more than 5000 sq m in floor space. The park is owned by WING, which has been a defining player of the Hungarian industrial segment for over twenty years. The project responds to distinct market needs reflecting increasing demand and increasing interest in the park. The market was quick to signal the necessity of the construction project, with lease agreements signed for the entire floor space of the hall immediately. The development is scheduled to be completed in late summer 2021.

Construction works have started on the second phase of the highly successful Park West project of WING's residential development division, LIVING, as announced in September 2020. Being the very first residential property developer in the country to provide community and smart services as well, LIVING would like to target those people with this investment who like city bustle and active lifestyle, and who esteem a good location, a wide range of services provided by the residential park, and high quality ensured by the developer. Park West 2 project is expected to be handed over at the end of the first half of 2023.

The developer expects the renovated mall to be the number one shopping and experience centre in North Buda and its surroundings

Polish property developer Echo Investment, majority owned by WING, has concluded a significant acquisition agreement. Upon its purchase of a 66% stake in Wrocław-based Archicom, the group will become Poland’s largest residential property developer. As soon as the merger is complete later this year, the Echo-Archicom Group will start construction of 7,000 apartments for sale and lease. With this transaction, WING has taken another step to become a key operator in the regional property market.

WING, one of Hungary’s largest real estate developers, has signed long-term office lease agreements with new tenants in three buildings at Infopark. As a result of the agreements, covering more than 2400 square metres of total floor space, WING’s buildings at Infopark now boast occupancy rates exceeding 90%. The long-term lease agreements signed with the new tenants show that even under the current market conditions, demand for space and offices at Infopark remains constant.

WING completed development of the revitalised Gizella Loft office building, in the heart of Zugló, in fall 2020. Occupying an excellent location in close proximity to the City Park, the building offers 8500 sq m of office space. Its redevelopment has transformed it into a Category A, people-oriented and cost-efficient space ready to welcome future tenants. The Gizella Loft office building is available for occupants immediately, offers additional space for future expansion and meets any special technological demands companies may have. The main tenant which had already occupied the building, TÜV Rheinland Intercert Kft., committed itself to the Gizella Loft in 2019, and in September 2020 took occupancy of the space designed according to its needs.

LIVING, as Hungary’s first residential property developer to offer community solutions, has expanded its service portfolio with a unique community application. The company’s Spaceflow mobile app will be available to users of LIVING’s flagship project, Kassák Residence, who will be the first to be able to use it in Hungary. The application is intended to make residents’ everyday lives easier, and will provide several discounts and other benefits.

Developed by WING, the brand-new, innovative headquarters building of evosoft Hungary Kft., a Siemens subsidiary, was completed on time and tailored fully to the tenant’s needs. Located at the Buda end of the Rákóczi Bridge, the 22,000 sq m complex was completed as part of the second phase of the Hungarian Nobel Prize Winners R&D Park, becoming a defining element of the capital and the Danube bank. The building, home to a six-storey research and development facility, is equipped with the most cutting-edge technology, and meets Gold-level environmental friendliness and energy efficiency LEED certification criteria. Evosoft is expected to begin moving into the building in December 2020.

WING has been reco g nised as the best real estate developer in the mixed-sector in Hungary in the prestigious Euromoney Real Estate Survey. WING has established itself as the leading developer in Hungary, delivering total more than 1 million sqm of high quality space to clients in all segments of the real estate market. WING is on track to deliver 300,000 sqm of new space in Hungary and has successfully expanded in the CEE region by acquiring a majority stake in Poland’s Echo Investment.

Ericsson moved into the WING-owned Infopark Building B at the beginning of summer. The telecommunications company’s Regional and Global Support Organizations now occupies more than 2,600 sq m of office space in the building under a long-term lease contract. The move places the division in closer proximity to Ericsson’s modern headquarters on the Danube, developed and owned by WING and delivered in 2018. The high-quality offices were completed on schedule and tailored to meet the tenant’s needs.

In order to expand its investment portfolio and realise its growth plans, WING Zrt. will raise HUF 54.7 billion in funds through the Bonds for Growth Scheme of the Central Bank of Hungary. The term of the bonds subscribed by the Central Bank and other institutional investors is 10 years, with a yield of 3.56 percent. The success of the bond issuance reflects the market’s categorically positive assessment of WING’s professionalism, stability, reliability and market strength.

Following another successful round of stock purchases, WING - through Lisala - has acquired an additional 10 percent stake in ECHO Investment, Poland’s largest property development company. The transaction increases Lisala’s ownership share in the company from 56 percent to almost 66 percent, and further boosts Hungarian-owned WING’S presence in the region.

The leading Hungarian property company WING is now a majority owner of Poland’s largest real estate developer, making WING a dominant player in the entire region.

An interview with Norbert Schőmer, Wing’s deputy CEO responsible for office development.

Telekom Headquarters, developed by WING, was awarded the “Best Office Building” title at the prestigious 21st Hungarian Property Development Award of Excellence competition by a jury of Hungarian and international professionals. The competition is designed to recognise outstanding, world class developments, and the winners can represent their countries at the international FIABCI World Prix d’Excellence competition.

The Hungarian firm is slated to become a majority stakeholder of Poland’s leading property development company, and thus a significant player in the region.

The foundation stone of the future headquarters of evosoft Hungary Kft., one of the largest software houses in Hungary belonging to the Siemens Group, has been laid with all due ceremony, with the participation of Ádám Szigeti, Deputy Secretary of State for Innovation, Roland Busch, Chief Technology Officer and Chief Operating Officer of Siemens AG, and Noah Steinberg, Chairman and CEO of WING Zrt., the developer of the building. The ceremony held on 25 March was also attended by István Petényi, Managing Director of evosoft Hungary Kft. and Dale A. Martin, CEO of Siemens Zrt. The modern building in Buda is expected to open its gates in early 2021.

Hungary’s property market leader, WING, has purchased the Liget Center Office Building located next the City Park (Városliget) in Budapest. The property consists of a 7,000 sqm office building and a nearly 3,800 sqm auditorium. WING intends to upgrade the building’s services, implementing value-added features and finding a new function for its auditorium, which is currently vacant.

WING, Hungary’s leading property company, has become the full owner of the country’s number one property management company STRABAG Property and Facility Services Zrt. by indirectly acquiring an additional 51% share in the company. Following the change, the company will continue to operate under the name NEO Property Services Zrt. as of 29 April 2019. The acquisition was approved by the National Competition Authority. WING is committed to further strengthening NEO Property Services Zrt. as a leader in property-related services segment.

The foundation stone of the future headquarters of evosoft Hungary Kft., one of the largest software houses in Hungary belonging to the Siemens Group, has been laid with all due ceremony, with the participation of Ádám Szigeti, Deputy Secretary of State for Innovation, Roland Busch, Chief Technology Officer and Chief Operating Officer of Siemens AG, and Noah Steinberg, Chairman and CEO of WING Zrt., the developer of the building. The ceremony held on 25 March was also attended by István Petényi, Managing Director of evosoft Hungary Kft. and Dale A. Martin, CEO of Siemens Zrt. The modern building in Buda is expected to open its gates in early 2021.

WING, Hungary’s leading, privately owned real estate developer and investor, has further increased its footprint on the South Buda office market with the acquisition of Infopark’s B, C and I office buildings, along with adjacent parking garages B and D, the seller was Infopark Bt.

As a follow-up to its highly successful Kassák Residence project, WING is developing a new residential project offering smart solutions at a desirable location in District 13, Budapest under LIVING, its umbrella brand specialising in residential properties. Responding to 21st century needs, the development will feature services such as a playroom, a community library, a living room and onsite delivery point. Currently under construction, the apartment building will be only a block away from Béke Square, making it easily accessible by both car and public transport. The project will include 105 apartments built in one phase.