Wing, the Hungarian privately owned real estate developer and investor active in Central Europe, has acquired Capital Square office building on the Váci út office corridor, from CA Immo.
The deal aligns with Wing's investment strategy, which focuses on assets providing stable yields in prime locations, and reinforces the group's commitment to the Hungarian office market. The company further strengthens its presence along the Váci út corridor, where developments associated with the company include V17, Atrium Park, the Danubius Buildings, and recently launched Greenway.
Capital Square is situated at the intersection of Váci út and Dózsa György út, above an M3 metro station. The building offers approximately 34,000 sqm of gross leasable area. With efficient and flexible floor plates, the building operates with long-term occupancy. House of Business serviced offices, a restaurant, a bank branch, and a café provide services on site. Its operation is certified by Breeam In-Use and Access4You ratings.
As of February 2026, the project's occupancy was about 85% with a WAULT of 4.1 years to end and annualised in place GRI of around €5.7 million.
Keegan Viscius, CEO of CA Immo, said: "This transaction is a further step in the implementation of our strategic capital rotation programme and on the way to exiting the Hungarian market. The proceeds from sale may be used in a number of ways, including general corporate purposes, accretive investment in our prime portfolio, repayment of debt, buyback of shares, and external investment should attractive opportunities arise.”
To close the transaction, Wing worked with professional partners: legal advice was provided by Taylor Wessing, technical due diligence by Sentient, tax and financial advisory by Becher & Torma, and Cushman & Wakefield acted as business advisor. The acquisition was financed with the participation of K&H Bank. The deal represents one of the largest office market acquisitions on the Váci út corridor in the past three years.
As of march 2026, CA Immo's Hungarian portfolio consisted of four office buildings in Budapest (excluding Capital Square) with a total leasable area of around 72,000 sqm and a book value of around €140 million.
