WING Acquires Infopark’s B, C and I Office Buildings

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.

2019. February 11.

WING Acquires Infopark’s B, C and I Office Buildings

 

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.

 

WING is increasing its presence on the dynamically developing South Buda property market through a new acquisition: after the sale and purchase agreement signed just days ago, the company now owns office buildings B, C and I located at Infopark, along with parking garages B and D, likewise a part of Infopark. The combined rentable area of the “A” category office blocks, built in the early and mid-2000s, exceeds 30,000 square metres. The floor space of buildings B and I each reach around 9,000 square metres, while Building C offers a rentable area of 13,000 square metres. Along with the purchase of Building D in 2018, WING has become Infopark’s majority owner, and now close to 50,000 square metres belong to the company there. Apart from their excellent location, the office buildings’ appeal is also boosted by the services they offer: the parking garages which were part of the transaction, the restaurant and the roof garden. WING will seek to utilise the buildings through leasing, and based on preliminary negotiations, this could be realised in the near future for Buildings B and C.

 

“This acquisition is in perfect alignment with the company’s long-term strategy, thanks to which we are the proud owners of an ever more significant real-estate portfolio on South Buda’s concentrated office market. In addition to the three excellent Infopark buildings we have acquired through this latest transaction, WING owns the Infopark D office building purchased in the summer of 2018, the Ericsson House that we developed and recently handed over, as well as the Siemens-evosoft headquarters building that is under development,”  added WING Zrt. Chairman & CEO Noah Steinberg.

 


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About WING

WING is Hungary’s leading property business, privately owned by Hungarian nationals, with a substantial project portfolio, extensive investment operations and a number of subsidiaries providing specialised property services. The company is active in every market segment, specialising in the development of offices, industrial and retail properties, along with hotels and residential properties, and is the largest office developer in Hungary. WING’s development projects currently in progress include the new evosoft headquarters, the Kassák Residence apartments, the Metropolitan Garden residential project and the Liberty Office Building. In addition, WING’s development portfolio includes recently completed projects like Magyar Telekom’s new headquarters - Hungary’s most modern and largest single-complex new office building -, the Ericsson HQ building, Skylight CITY offices, WIZZ AIR’s new flight training centre and the ibis Styles Budapest Airport Hotel. WING’s development portfolio also includes the company’s own headquarters, the Máriássy Building,  E.ON headquarters building, Studium Offices, Átrium Park, the Hungarian Public Service Television’s new headquarters and production base, the Allianz headquarters building, three office buildings located at Millenáris Park, – all of them in Budapest -; additionally industrial properties (East Gate Business Park, South Pest Business Park); and retail developments such as a mall in the town of Eger (Agria Park) and Hungary’s first environment friendly shopping centre, the Hegyvidék Mall in Buda. The company also owns the EuroCenter mall in Budapest and the Family Center in Szombathely.

 

Information:

Csenge Mátray, WING Zrt.

Phone: +36 (1) 451-4760, Fax: +36 (1) 451-4289, Email: matraycs@wing.hu www.wing.hu

www.wing.hu

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