News Article Budapest development Hungary office Wing
by Property Forum | Office

On May 29th, 2018, Budapest’s Ericsson House was officially handed over. This new building, developed by Wing, features not only offices but also one of the Swedish company’s largest European Research & Development centres. The 24,000 sqm property, built in the first phase of the development project of the Hungarian Nobel-Prize Winners’ R&D Park, satisfies both the needs of today and tomorrow due to its cutting-edge technology and execution. As shown by its LEED Gold certification it upholds the highest standards of environmental consciousness. The new HQ will house 1800 workers. Now, with the handover of the Ericsson House, the development of the adjacent site may commence as the second phase of the project.

The new office building is located on the bank of river Danube in the near vicinity of two prominent Hungarian universities, Budapest Technical University and ELTE. Beyond office space, the Ericsson House features one of the Swedish company’s largest research & development centres, one of Hungary’s largest and most advanced server rooms, and Ericsson’s innovation workshop, the Ericsson Garage.
Ericsson Hungary leases the new building through a long-term agreement. The headquarters had been developed particularly to satisfy the needs of Ericsson Hungary and its 1800 employees. Throughout the construction, environmental consciousness was always a priority and thus the building received the international LEED Gold certification. In accordance with that, Wing favoured recyclable and locally manufactured materials throughout the development process. As part of Wing’s efforts for environmental consciousness, the building exhibits energy efficient operation encompassing eco-conscious water usage, optimized LED lighting systems, and an integrated shading system all of which contribute to the conservation of energy during day-to-day operations.
The building was designed and planned by Aspectus Architect, a Wing subsidiary, under the joint command of László Szerdahelyi and József Pesti. The general contractor was Strabag MML. The investment was financed by a consortium of banks that includes Unicredit Bank Hungary, Unicredit Bank Austria, and K&H Bank.
According to Noah Steinberg, Chairman and CEO of Wing Zrt., Wing will begin a similar development project in terms of size and quality on the site adjacent to the Ericsson House.