ARTICLES LABELLED WITH TAG WING

Wing Group has signed an agreement with GTC to purchase a development site at 173-177 Váci Road in Budapest, covering more than 2.1 hectares. The company plans to build approximately 470 apartments and a 23,000 sqm office building as part of a mixed-use project on Hungary's largest office market area.

Wing and Accent Hotel Management have signed a strategic agreement to jointly operate hotel projects in Hungary. The partnership combines Wing's real estate development expertise, portfolio management experience, and capital strength with Accent's operational competencies and brand relationships.

Living has completed the third phase of its Park West residential project in Budapest's District 13, with the final use permit now issued for the 230-unit development. The project, located in the Ferdinand Quarter on Szabolcs utca, benefits from brownfield status allowing buyers to reclaim 5% VAT.

Wing has acquired a 10,900 sqm development site in Debrecen through its residential brand Living. The company plans to build around 400 modern, energy-efficient apartments in several phases in Hungary's second-largest city. This marks Living's first residential development outside of Budapest, addressing strong demand in the local real estate market.

Two hotel developments by Wing, the Ibis & Tribe Budapest Stadium Hotel and the Tribe Budapest Airport Hotel, have obtained BREEAM certification. The dual-branded Stadium Hotel is the first hotel in Hungary to achieve the highest rating, the BREEAM In-Use "Outstanding" category, joining only four hotels worldwide that hold this top-level sustainability certification.

Balázs Zelles-Görgey has been appointed Director, Head of Capital Markets at Colliers Hungary. He joins the company with a strong background in the real estate sector, having worked on both the agency and developer-investor sides of the market. 

Tribe, part of the Accor hospitality group, opened in mid-May its second hotel in Hungary, near the Budapest airport.

Property developer Wing has successfully issued bonds worth €43.2 million, recording a double oversubscription rate. 

The Wing Group recorded sales close to €300 million during 2024 over commercial and residential transactions across Germany, Poland and Hungary.

Wing has signed a strategic cooperation agreement with Alteo Group for the supply of clean energy for industrial projects throughout 2026.