Wing kicks off final phase of Budapest resi project

12
Jan
2022
News - Wing kicks off final phase of Budapest resi project #Budapest #development #Hungary #Living #residential #Wing

by Property Forum | Residential

Wing’s residential development brand Living is launching the third, and final, phase of Kassák Terrace project, located in District 13 of Budapest. The residential project offers future homeowners community services and smart solutions. Kassák Terrace is scheduled for completion in the first half of 2025.


As part of the third and final phase of Living’s Kassák project, the residential development Kassák Terrace will see the construction of 246 apartments in District 13, at the intersection of Klapka utca and Kassák Lajos utca, a short walk from Váci út.

Kassák Terrace offers practical studio apartments as well as large five-room penthouse units with panorama views. All homes boast efficient layouts and allow plenty of natural light to enter, and may be purchased with a VAT rate of 5 percent. The project is scheduled for completion in the first half of 2025.

As Living demands for all of its projects, Kassák Terrace is favourably rated in terms of energy efficiency. The residential park will be built with heat pumps, as well as surface heating and cooling solutions. The completion of Kassák Terrace will complete the 9000 sqm interior park of the Kassák project, which will contribute to the expansion of green space in the area.

In keeping with Living’s developments, Kassák Terrace will offer community solutions: the community living room will serve not only as a place for relaxation, but will also offer a co-working workspace, including business corner services. Other services available include a library, a cleaning service, a toolshed, car-sharing services and a 24/7 parcel delivery point. As part of the services offered by Living’s provider, Living Service, professional assistance is available for, among others, the rental or technical delivery of the apartments, whether the property was purchased for residential use or as an investment.




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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