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

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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