Living starts final phase of resi project in Budapest

16
Jul
2025
News - Living starts final phase of resi project in Budapest #Budapest #Hungary #Living #Park West #Park West Rise #residential #Tibor Tatár

by Property Forum | Residential

Residential developer Living has announced the launch of sales for Park West Rise, the fourth and final phase of its Park West residential park. 


This new phase introduces 195 modern, energy-efficient apartments in downtown Budapest’s rapidly developing Ferdinánd Quarter, District 13. The project includes nearly 900 units in total.

“The first phase of the Park West residential park was completed in 2022. Since then we have delivered phase two, and phase three will be ready this year – this shows that there is a strong demand for high-quality apartments with great transport infrastructure near the city centre,” stated Tibor Tatár, Head of Wing’s residential and office development division in Hungary. 

Park West Rise prioritizes comfort and sustainability, offering smart homes controllable via an app, with options for smart home packages at no additional charge up to a certain development stage. 

Residents will benefit from environmentally friendly solutions like a modern heat-pump system, surface heating and cooling, triple-layer glazing, and 15-cm thick heat insulation. 

The development also includes popular community features such as a community lounge, business corner, and parcel locker, enhancing the everyday lives of apartment owners. 

The number of Living apartments delivered since the company’s establishment in 2017, including those currently under development is close to 2,000, with more than 1,700 apartments already sold.




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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