Wing Group records close to €300 million in sales during 2024

11
Mar
2025
News - Wing Group records close to €300 million in sales during 2024 #Bauwert #ECHO Investment #Hungary #Noah Steinberg #residential #WING

by Property Forum | Report

The Wing Group recorded sales close to €300 million during 2024 over commercial and residential transactions across Germany, Poland and Hungary.


In Germany, the group sold a 10,500 sqm office building and a 8,500 sqm residential complex in Berlin. In Poland, the group sold an office building spanning 15,000 sqm in Łódź, while in Hungary it sold a 6,500 sqm office building in Budapest.

On the residential front, the company sold 2,500 apartments across the three countries during last year.

"The ability of Echo Investment, Bauwert and Wing to successfully execute competitively priced office sales in a challenging market speaks to the professionalism of our teams and to the outstanding quality of our buildings. Our strategic focus on residential development and living based platforms underpins our long term growth strategy in all three countries, demonstrating strong results in 2024,” says Noah Steinberg, Chairman and CEO of Wing.

In addition, the group’s involvement in commercial property including office, industrial, hotel and retail properties complements its residential activities.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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