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. 

Living, Wing’s residential development arm, has secured a financing worth HUF 12 billion from Erste Bank for the construction of the Római Park residential project in Buda. Construction works started last August, with completion expected in 2026.

Living, Wing’s residential development arm, has completed Kassák Terrace, the third phase of Kassák Project in District 13 of Budapest, featuring 246 apartments.

Over the last two and a half decades, a lot has changed in the Hungarian real estate market. Spectacular investments have shaped the image of the capital, while the modern real estate market as we know it today has gradually emerged. The biggest players were already present in the late 90s, including WING, which is 25 years old this year. During this time, the group has undergone dynamic changes, reflected not only in its developments in Budapest but also in its presence on international markets. We talked to Noah Steinberg, CEO of WING Group and Chairman of the Supervisory Boards of Echo Investment in Poland and Bauwert in Germany, about the main challenges of the past 25 years, the strategy that has been most effective in addressing them and the plans the group has for the next 25 years.

Property investment group Wing has fully completed the Liberty mixed-use project in Budapest after delivering 20,000 sqm of offices in the second phase.

Wing will open next year a new 4-star hotel with direct terminal access to the Budapest Liszt Ferenc International Airport. The hotel will be operated under a management agreement with Accor.