News Article Budapest hotel Hungary office Wing
by Property Forum | Office

The mixed-use property development Liberty by Hungarian developer Wing has reached a major milestone. The office area in the south wing has received its use permit, and the first tenants have already moved in. At the same time, a sports store is now open on the ground floor.

Located in Budapest’s 9th District, right next to the Telekom headquarters, the development will be completed in two phases. The first phase includes the completion of the south wing of the complex, which will offer a total of 10,000 sqm of floor space, with category A+ offices on floors 1-4, and a dual-branded combo hotel (the 3-star Ibis Budapest Stadium and the 4-star Tribe Budapest Stadium) and retail units on the ground floor and on floors 5-8.

In the next phase, the hotel is expected to open by the end of the year. Meanwhile, development of the north wing is underway with a total of 20,000 sqm of office area and it is expected to open in the first half of 2024.

With the handover of this section of the building, an underground parking garage with 650 parking spaces will also become available. The parking garage will offer public parking, bicycle racks and changing rooms, with Sharenow services to arrive later in the summer. 

“The finishing touches are underway at the dual-branded hotel. Once that is done, Liberty will officially become a multifunctional building", said Gábor Angel, Wing's Deputy CEO for office developments.