Wing fully delivers residential project in Budapest

17
Oct
2024
News - Wing fully delivers residential project in Budapest #Budapest #Hungary #Kassák Terrace #Living #residential #Wing

by Property Forum | Residential

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


The first phase of Kassák Project was completed in 2020, while the second phase Kassák Passage was delivered in H2 2022.

Kassák Terrace offers practical studio apartments as well as large six-room penthouse units with efficient floor plans and panoramic views. In addition, 21 homes in the project have direct garden access. The underground parking garage of the residential development has 259 parking spaces, including 190 with electric chargers. Sales are underway, and there are still some apartments available in the residential park.

The project’s green area covers 3,295 sqm, with another 4,518 sqm included in an inner courtyard.

“This is a major milestone for Living, as we have built 250 additional high-quality apartments with a focus on environmental considerations. We continue to work towards our goals. The feedback we get from the market and the pace of sales show that Living’s approach and sustainable apartments with quality services continue to be in high demand,” says Tibor Tatár, Deputy CEO of Wing’s residential and office development businesses in Hungary.

Kassák Terrace has an A+ energy rating and offers surface heating and cooling, a heat pump solution, and apartments with high technical standards.

The number of Living apartments delivered since the company’s establishment in 2017, including those currently under development is close to 2,000, with more than 1,500 apartments already sold.




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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