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.




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  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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