Erricsson’s new home in Hungary is being built on a site overlooking the Danube in an investment by Wing Zrt., in the first phase of the Hungarian Nobel Prize Winners Research & Development Park. The building, which has a total area of 24,000 square meters, will house the company’s largest research and development facility outside Sweden. The building, one of the most modern, most innovative headquarters in the country, will be constructed to the strict standards of the LEED Gold environmental awareness rating. The foundation stone was laid on 20 September 2016 by Dr. János Fónagy, parliamentary state secretary at the Ministry for National Development, Noah Steinberg, Chairman & CEO of Wing Zrt., and Ericsson Hungary’s CEO Gábor Éry. Speeches were also made at the event by Dr. Tamás Hoffmann, Mayor of District 11 (“Újbuda”), and His Excellency the Ambassador of Sweden to Hungary, Niclas Trouvé.