Living completes first phase of Budapest resi project

25
Jan
2022
News - Living completes first phase of Budapest resi project #Budapest #development #Hungary #residential #Wing

by Property Forum | Residential

Living, an umbrella brand of Wing specialising in residential properties, has completed the first phase of its Park West project offering 229 apartments in District 13 of Budapest. About 700 apartments will be constructed in the residential development project to be carried out in three phases.


Living has completed the first phase of Park West residential development with 97% of its apartments already sold. There are 229 apartments in Park West 1 residential park, all with a BB energy efficiency rating. Park West residential park is located in one of the fastest developing areas of Budapest, in the Ferdinánd quarter of District 13, at Szabolcs utca 15-25.

“Within the framework of Living’s development project, we were able to create a community residential park providing unique services to enhance the comfort of the residential community. Park West 1 has been extremely popular among fans of an active city lifestyle and 97% of the sunny apartments with terraces have already found their owners. Demand is still high thanks to the excellent location, comfortable and energy-efficient apartments, and the community spaces created in the houses in order to make daily life even more convenient for residents”, said János Martin, Living’s branch director.

Each apartment has a terrace/balcony and a parking space in the underground garage available for all the apartments. Separate storage units were also created on each floor of the house. Park West 1’s community living room offers residents co-working office space, as well as relevant business corner services. Other services available include a library, a cleaning service, a toolshed, car-sharing services and a 24/7 parcel delivery point.

Each Park West 1 home will be fitted with smart solutions. The Smart Home package includes, at no cost, a central unit, smart sockets, free WiFi service and heating controls. The optional Smart+ package, available for an extra charge, includes additional amenities.

The construction of Park West 2 also started last year. It is scheduled for completion in the first half of 2023.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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