Wing completes latest hall in Budapest

22
Nov
2023
News - Wing completes latest hall in Budapest #Hungary #Industrial #logistics #Wing

by Property Forum | Industrial

East Gate Pro Business Park, Wing’s latest industrial development project, has reached a new milestone with the delivery of hall A2 in phase two. An additional area of 9,100 sqm is available in the newly completed building for production, assembly, fulfilment and warehousing purposes.


After the completion of halls A1 and B1 last year, the East Gate PRO Business Park in the northern Pest region is expanding, and now hall A2 has been completed. Halls constructed in the first phase already have BREEAM Very Good sustainability certifications, and the latest building, which was constructed by Weinberg ’93 Építő Kft., meets the same requirements.

The business park is located at the junction of the M0 and M3 motorways, it is only a few minutes from Megyeri Bridge. The heat insulation of the buildings ensures a minimum indoor temperature of 16 C. Eco-friendly, easy-to-clean building materials with no harmful components were used in the construction, and a special focus was put on energy-efficient solutions. Technical specifications include an ESFR sprinkler system, smart meters and a large car park with a licence plate recognition access control system and electric car chargers.

“East Gate PRO Business Park is a speculative development that meets genuine market needs: the first two halls with a total area of 20,000 sqm have an occupancy rate of 100%, and we have completed our latest hall, which has an area of nearly 10,000 sqm. We need to include speculative developments in our portfolio in addition to built-to-suit pre-leased developments. This not only allows us to meet unique needs but also to offer standard expansion solutions and cater to immediate market demand", said Zsófia Korda, Chief Sales Officer (CSO) of Wing's Corporate Sales Relations and Business Development.

 




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New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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