Wing turns Budapest shopping mall into office building

24
Apr
2017
News - Wing turns Budapest shopping mall into office building #Budapest #development #Eston #Hungary #office #redevelopment #WING

by Ákos Budai | Office

Wing is transforming the Material Center building in Budapest, which until now has operated as a shopping mall, into an office building. The building, which has an area of over 20,000 square metres, will be fully converted and renovated to a high standard, to be reborn as the Skylight City office centre. The preparatory works have already begun, and offices are already available for rental in the building.


The building has a total area of around 20,000 square metres and each storey has a floor area of 2,400 square metres which can be split into up to four units. The minimum office space available for rental is 600 square meters. 
 
The office and commercial functions can be accessed separately; the commercial and catering units, as well as the green internal courtyard, will be on the ground-floor and semi-basement levels. 

The building aims to comply with the BREEAM In Use rating system. 
 
The architectural designs of Skylight City were made by Wing’s architectural studio Aspectus Architect, while the interior design is the work of Lab5. The letting agent for the new office building is the property market consulting firm Eston. 



Latest news


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.


Latest news

News - WDP industrial pipeline in Romania tops €30 million
01
May
2026

WDP industrial pipeline in Romania tops €30 million

by Property Forum
Logistics developer WDP is set to bolster its strategic position in Romania by launching three new industrial projects totalling approximately 40,000 sqm.   
Read more >
News - Big Poland acquires Power Park Kielce retail centre
30
Apr
2026

Big Poland acquires Power Park Kielce retail centre

by Property Forum
Big Poland has acquired Power Park Kielce, one of the city's retail destinations, strengthening its position in the Polish retail park market and expanding its presence to the capital of the Świętokrzyskie region.
Read more >
News - GTC rental revenue up 8% in 2025
30
Apr
2026

GTC rental revenue up 8% in 2025

by Property Forum
GTC reported rental revenues of €202 million for 2025, up 8% from the previous year, while maintaining an 87% occupancy rate across its commercial portfolio.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy