ARTICLES LABELLED WITH TAG WING

Wing, one of the largest real estate companies in Hungary, is launching a new office development. HOP Passage will be a part of Hungária Office Park (HOP), the complex at the former Siemens site on Hungária körút. With 32,000 sqm of Class A+ office space, this new building will meet environmental and accessibility rating criteria and will offer customisable offices looking out onto an inner garden to its tenants, with flexible terms. Preparatory work is to start in late 2021, and the new building is expected to be completed at the end of 2023.

Wing is launching the second phase of the East Gate Business Park project at the junction of motorways M0 and M3. The development of East Gate PRO will start with the construction of two new halls with an area of over 20,000 sqm, in response to market needs and increased demand. The first halls of East Gate PRO will be completed in Q2 2022.

Wing and RTL Services Kft., a business services company of Magyar RTL Televízió Zrt., have signed a long-term lease agreement involving the soon to be renovated Liget Center and Liget Auditorium office buildings. RTL Hungary’s head office and news studios will relocate to this nearly 9,000 sqm complex in a historic environment opposite City Park in 2024, after the renovation of the heritage buildings in a development fully tailored to the tenant’s needs.

Wing has completed the first Hungarian unit of B&B Hotels, having converted the former Angyal office building in Boráros Square, on the bank of the Danube in Budapest. The hotel features a restaurant, a bar, a rooftop bar with a view, two meeting rooms, and an underground parking garage with electric charging stations. The new hotel will welcome its first guests in the summer of 2021.

Living, Wing’s residential property development umbrella brand, has completed its new residential park, Metropolitan Garden, in District 13, near Béke tér. Metropolitan Garden offers homes of various sizes between 30 sqm and 110 sqm in area. Each apartment has a balcony and is equipped with smart solutions.

Living, Wing’s residential property development umbrella brand, has announced the launch of its newest residential park development. Located on the shore of the Rákos Stream in District 13 of Budapest, Le Jardin will be Living’s greenest residential project to date.

EuroCenter owner and developer Wing has selected Bernecker Kft. to carry out general contractor tasks for the modernisation of the 46,000 sqm shopping centre located in the northern Buda area. The shopping centre has closed for the duration of the renovations and is scheduled to reopen in spring 2022, boasting a modern appearance and ready to meet 21st-century customer demands. Construction work begins in late April.

GTC has decided to boost its Hungarian portfolio again by investing €160 million in the acquisition of two office properties in Budapest, the Ericsson HQ and the Siemens Evosoft HQ, both developed by local company Wing.

Login Business Park in the north of Budapest, owned by Wing, is set to expand with a new hall offering more than 5,000 sqm in floor space. The project responds to distinct market needs reflecting increasing demand and increasing interest in the park. The market was quick to signal the necessity of the construction project, with lease agreements signed for the entire floor space of the hall immediately. The development is scheduled to be completed in late summer 2021.

Construction works have started on the second phase of the Park West project of Wing's residential development division, Living, as announced in September 2020. Park West 2 is expected to be handed over at the end of the first half of 2023.