Wing’s Budapest office project to include a hotel

25
Oct
2021
News - Wing’s Budapest office project to include a hotel #AccorHotels #Budapest #development #hotel #Hungary #mixed-use #office #Wing

by Property Forum | Hotel

Wing and Accor have concluded a long-term agreement for a 12,000+ sqm area of the 42,000 sqm Liberty complex. As a result, the office building pursuing the BREEAM Excellent rating has added to its profile a dual-branded hotel under the Ibis and Tribe brands. The hotel part will be located in the landmark South wing and it is expected to be completed in 2023, which means this will be the first Tribe Hotel in Hungary.


A dual-branded hotel will open in the multifunctional Liberty building, currently under development. Wing is also present on the hotel market, and it has now concluded an agreement with the leading international hotel company Accor for an area of 12,500 sqm in the complex. Construction is underway, and according to the schedules, the hotel will welcome its first guests in the autumn of 2023.

Aiming for the BREEAM Excellent certification, the Liberty office building in Budapest 9th district is located at the intersection of Könyves Kálmán körút and Albert Flórián út.

The three-star ibis and the four-star Tribe brands will each operate half of the hotel rooms, 332 in total. The room levels will be located on the 5th to 8th floors of the south wing in the first phase of the two-phase development. According to the plans, the hotel will have four-star community spaces and services. The ground floor of the south wing will house the hotel's reception area as well as the lounge area, which will also function as a business corner. The conference room will also be used as an event venue – it will have a capacity of 220 persons and can be divided into 4 separate areas. The hotel will have a café, an a’ la carte restaurant, a gym, an underground parking garage and accessible rooms.

On the first to fourth floors of the south wing, on a total area of about 10,000 sqm, the developer will create Class A+ office premises. The Liberty building is easily accessible by car and by public transport, and it offers prospective tenants large, high-quality office spaces that can be flexibly arranged. The mixed-use, hotel-office, the south wing is expected to be completed in early 2023. The development of the 20,000 sqm north wing is taking place at the same time and is scheduled to be finished by late 2023.

“As a multifunctional building, Wing’s flagship development, Liberty, will have a unique position in the Hungarian real estate market. The synergy of the hotel function and the office spaces in the building will offer unparalleled opportunities to modern businesses. Liberty's uniqueness is due to its excellent accessibility, as well as its wide range of services and environmentally friendly solutions”, says Norbert Schőmer, Deputy Manager for office development at Wing Zrt.

Hotel services will also be available at promotional rates to employees at the Liberty Office Building. Besides the café, restaurant and lounge area, office tenants can also use the hotel concierge service. In addition, they will also have access to services like taxi ordering, cleaning, event organization, on-site catering and conference rooms. To ensure top security level for the offices, entrance lobby areas can be accessed from a separate foyer connecting to separate elevator blocks. A rooftop bar with a view will be built on top of the Liberty, available to hotel guests and tenants as well.




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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