Wing completes structure of Budapest residential building

21
Oct
2021
News - Wing completes structure of Budapest residential building #Budapest #development #Hungary #residential #Wing

by Property Forum | Residential

Kassák Passage, the second phase of LIVING’s Kassák project, has reached its highest point. The project features 262 units and is located close to the Váci út office corridor. It is expected to be completed in the second half of 2022.


The residential park is situated in a dynamically developing part of District 13. Klapka utca is located just a block from Váci út and the office corridor there, which is thus just a few minutes away on foot.

Work is continuing on the project currently both indoors (e.g. painting, tiling and the installation of entrance doorcases, dry walls, the boiler room and the water mains connection) as well as outdoors (e.g. the installation of facade doors and windows, and garden landscaping). The homes of Kassák Passage have efficient floor plans and outstanding construction standards, with a focus on environmental awareness and energy efficiency. The residential units are nearly zero-energy apartments, allowing them to receive a BB energy efficiency rating. The complex, comprising some 700 apartments, will also include its own park, spread out over more than 9,000 square metres, featuring a number of relaxation spots inspired by the paintings of Lajos Kassák, after whom the project is named.

“Following the success of the Kassák Residence project and the popularity of its apartments, it was an easy decision for us to proceed with the development of Kassák Passage, which is currently progressing as planned. At LIVING, we place great emphasis on providing buyers with high-quality technical standards, and we strive to continuously expand the range of services offered, based on customer needs. This is why we launched our community services, the first of their kind in Hungary, in the first phase of the Kassák project,” said János Martin, LIVING’s branch director.

LIVING is part of one of the largest property companies in Hungary, being WING's residential property brand. Other LIVING projects underway are Park West 1 and 2, Kassák Passage and Le Jardin, with Kassák Residence and Metropolitan Garden already completed.




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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