Wing completes mixed-use project in Budapest

27
Aug
2024
News - Wing completes mixed-use project in Budapest #Baross Gábor Capital Programme #Budapest #Hungary #Noah Steinberg #office #WING

by Property Forum | Office

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.


The project offering office and hotel functions is based in the IX. district of Budapest and includes a wide array of amenities ranging from restaurants and wellbeing areas to rooftop terraces and sports courts.

The project is powered fully by renewable energy and has a near-zero energy demand.

“The completed office building offers excellent opportunities for potential tenants to move into a people-oriented complex with a variety of services and green solutions, in line with modern real estate trends,” says Noah Steinberg, CEO and Chairman of Wing.

The construction of Liberty as an energy-efficient project was also supported by public funds invested under the Real Estate Fund sub-programme of the Baross Gábor Capital Programme.  

The completion of the project also included the inauguration of the Wing Lemniscate, a contemporary sculpture located between the Telekom Campus and the Liberty building.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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