Kassák Passage, the second phase of LIVING’s Kassák Project, has been handed over
The Kassák Project, developed by LIVING, WING’s umbrella brand that specialises in residential development, has now reached another milestone. The second phase of the project, Kassák Passage, has received its final use permit and the 263-unit project has been delivered. Prospective residents can enjoy energy-efficient and cost-effective apartments, environmentally friendly solutions and LIVING Services in the residential development located near the office corridor in Váci Street.
WING has completed its latest industrial property development project, Hall ‘I’ at Airport City Business Park
WING, one of the largest players on the industrial property market in Hungary, has completed the latest hall at Airport City Business Park, located at Liszt Ferenc Airport. Airport City’s Hall ‘I’ provides flexible solutions and market-leading technological innovations on a total leasable area of 6,000 square metres. It already has a 100% occupancy rate.
New stores are opening at the GOBUDA Mall shopping centre
GOBUDA Mall shopping centre, located in northern Buda and renovated as part of a WING development project, opened to the public this spring. New stores have opening ever since and major fashion and beauty brands will be coming to the shopping centre this autumn.
Park West 3, the third phase of LIVING’s highly successful Park West project has been launched
Park West residential development project, announced by LIVING at the end of 2020, has now reached its third phase: the construction of Park West 3 will start in the second quarter of 2022. The residential park offers sunny, energy-efficient apartments, where the unique comfort-enhancing LIVING Service will be available to the residential community. Park West 3, which comprises 230 apartments in the renewed Ferdinánd quarter of the 13th District, is scheduled for delivery in the first quarter of 2025.
Family Center shopping mall in Szombathely gets new owners
WING has sold the Family Center shopping mall to the Unione Investment Group. With 28 shops and a seasonal assortment of sales booths, Family Center Szombathely was acquired by WING in early 2018. Now, as WING is selling the mall to the Unione Investment Group, the shopping centre boasts an occupancy rate of nearly 100 percent.
WING supports launch of program for development of disadvantaged children
Once again, this year, WING is providing a donation of a total of 7 million HUF to support the work of the SOS Children’s Villages. In addition to a donation of 5 million HUF to be used for the organisation’s general operations, the company is providing a further 2 million HUF for the implementation of the Recode Your Life program. The initiative supports the integration and development of 100 disadvantaged and underperforming Hungarian and Ukrainian children.
Building structure completed at Liberty, WING’s mixed-use development integrating office and hotel functions
The structure of the Liberty office building has been completed on schedule, bringing the project one step closer to completion in 2023. Located on Könyves Kálmán körút in District 9, the multifunctional building offers tenants and visitors ecological solutions and various amenities, and will host a dual-branded ibis-Tribe hotel after its completion.
WING acquires historic downtown buildings
WING, one of the leading property developers and investors of the Hungarian real-estate market and a significant player on the regional scene, has acquired two historic buildings in the CBD of Budapest, both with a potential for growth in value.
New appointments at WING
Three new Deputy CEOs have been appointed at WING: In addition to his position as Director of Residential Developments, János Martin has been promoted to Deputy CEO of WING, Director of Marketing Communications Csenge Mátray has fulfilled the role of Deputy CEO for Communications, HR and Corporate Operations, while Director of Transactions Bence Sass has been appointed Deputy CEO for International Business Development and Investments.
Honvéd Center receives BREEAM In-USE Very Good certification
Both buildings of Honvéd Center have received BREEAM In-Use Very Good sustainability certification after being renovated in a WING project. The office buildings in downtown Budapest earned their certification with their energy and water efficient management and with features that contribute to the well-being and health of the occupants.
GOBUDA Mall to open
EuroCenter in Óbuda was reborn under the name GOBUDA Mall, developed by WING. Completed at a record speed, this modern and human-scale plaza in North Buda was renovated to completely suit the needs of the locals, and will gradually open for its visitors, continuously expanding its services in alignment with the opening of each shop from 24 March on.
WING buys Airport City Logistics Park
WING has bought Airport City Logistics Park located in the neighbourhood of Budapest Liszt Ferenc International Airport and including about 44,000 square metres of modern warehouse buildings and eight thousand square metres of office area. Through the transaction concluded with CPI group, one of Hungary’s largest property development companies further strengthens its position with a high quality industrial park in the Budapest industrial and logistics market. The transaction was carried out at a record low, 5.6% yield.
LIVING completes the first phase of Park West residential development
LIVING, an umbrella brand of WING specialising in residential properties, has completed the first phase of its Park West project offering 229 apartments in the Ferdinánd quarter of the 13th District. About 700 apartments will be constructed in the residential development project to be carried out in three phases. The residential park offers sunny, energy-efficient homes with terraces in the heart of the vibrant 13th District, and, in line with LIVING’s standards, community services and smart home functions will also be available to residents.
Kassák Terrace, the final phase of LIVING’s Kassák project, kicks off
LIVING is launching the third, and final, phase of the Kassák project: Kassák Terrace. Located at the intersection of Klapka utca and Kassák Lajos utca in District 13, the residential project offers future home owners community services and smart solutions, true to the quality standards set by LIVING. Kassák Terrace is scheduled for completion in the first half of 2025.
GOBUDA Mall to open next spring
Following its renovation implemented by WING, EuroCenter shopping mall will welcome shoppers from Spring 2022 under the name GOBUDA Mall. The main aim of GOBUDA Mall is to become the number one meeting point of those living in the area, where visitors can feel at home and have a unique shopping experience.
East Gate Business Park’s latest hall development reaches 100% occupancy
The 9000+ sq m Hall D3 in East Gate Business Park has reached 100% occupancy. This speculative investment project caters to the tenants’ currently unmet production, manufacturing and complex, special warehousing needs.
Kassák Passage building structure completed
Kassák Passage, the second phase of LIVING’s Kassák project, has reached its highest point. The project features 262 units and is located close to the Váci út office corridor, while also benefitting from quiet surroundings. With a premium location and a range of unique services and amenities, it offers homes with long-term value that also make for an ideal property investment. In line with LIVING’s standards, Kassák Passage will boast community services and smart home functions. It is expected to be completed in the second half of 2022.
Three Infopark buildings owned by WING get BREEAM certification
Infopark buildings B, C and I, all owned by WING, received BREEAM-In-Use Very Good sustainability certification. The certification was earned with energy and water efficient management and operation, selective waste collection, and the features of the buildings that contribute to the well-being and health of those using them. Located at the Buda end of the Rákóczi bridge, Infopark is majority-owned by WING – the company owns buildings B, C, D and I, with a total area of 100,000 sq m.
Investing in the future: WING issues green bonds totalling HUF 25 billion
WING held a successful bond auction, issuing green bonds totalling approximately HUF 25 billion through the Bonds for Growth Scheme (NKP) of the Central Bank of Hungary (MNB). In line with international standards and requirements, WING will use the funds raised through the bonds solely for environmentally friendly projects and assets.
WING to launch HOP Passage, its latest office development project, in Hungária Office Park
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.
Development of East Gate PRO, the second phase of East Gate Business Park, has started
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 completes B&B Hotel Budapest City
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.
Gizella Loft office building to welcome new international tenant
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 completes Metropolitan Garden
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 to be modernised by Bernecker
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 to sell two office buildings
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.
WING launches new hall development at the Login Business Park
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.
Park West 2 construction started
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.