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.




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New leases

  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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