First phase of the Hungarian Nobel Prize Winners Research & Development Park gets under way

Construction of the Magyar Telekom Group’s new, 57,000 square metre headquarters building, which will be a defining feature of the Budapest cityscape, is now getting under way as a WING investment. The building, which is tailored to suit the company’s requirements in every respect and provides a truly 21st-century working environment, is scheduled for completion in the second half of 2018. The value of the investment is close to HUF 50 billion. The consortium of banks financing the project consists of UniCredit Bank Hungary, UniCredit Bank Austria and K&H Bank.

New office building in the gateway to the Váci Corridor is nearing completion

A fund managed by Morgan Stanley Real Estate Investing, in a consortium with Hungarian developer and investor Wing and Austrian shopping center specialist CC Real, has acquired a portfolio of prime retail and offices assets located in Budapest, Hungary from a fund managed by AEW Europe.

WING’s East Gate Business Park in Fót in Hungary is home to GE’s Oil and Gas Division, which is being expanded with a strategically important manufacturing facility. East Gate Business Park is investing several billion forints in the development. The new hall, which has an area of approximately 11 000 square metres, will house the production of control units for gas and gas-turbine power plants. Besides the manufacturing areas, the building will also contain offices and warehouse space. Following the expansion GE’s operations will occupy an area of some 17 500 square metres in East Gate Business Park.

Having already won the “Best Public Building in Hungary” award the headquarters and production facility of the Hungarian Media Support and Asset Management Fund (MTVA), developed by Hungarian firm WING Zrt, was granted the prestigious title of “Best Public Building in Europe” by an international judging panel on 24 September. Now that it has come first among Europe’s best in the European Property Awards 2012 competition, the MTVA headquarters and production facility will also be nominated for the title of “Best Public Building in the World”.

The East Gate business Park, situated at the intersection of the M3 motorway and the M0 orbital road, is the largest business park in the northern catchment area of Budapest, spread out over an area of 37 hectares. It contains modern halls that are equally suitable for warehouse or commercial use, as well as category “A” office units.

The construction of two new halls has begun at the South-Pest Business Park, on an area of close to 14,000 square meters. This is the sole city logistics park to receive bank financing for expansion this year and the go-ahead to launch construction in possession of signed lease contracts.

Noah Steinberg, chairman & CEO of the building’s developer WING Zrt., and Zoltán Pokorni, mayor of the "Hegyvidék" district, laid the foundation stone for the Hegyvidék Centre together on 2 June 2011.

European Union House is moving to a new location and will expand to include an information and cultural center

If you are hoping to find some of the very best property professionals in the whole of Europe and Africa, then look no further than the winners of a highly acclaimed property competition. The results of the Europe & Africa Property Awards 2010 in association with Bloomberg Television have just been released and up there amongst the winners is WING. The company won awards in the category of Best Office Development with k3 sustainable office building and Best Industrial Development with South-Pest Business Park a sought-after city logistics centre and attended a high profile gala dinner at the Park Lane Hotel in London’s Mayfair on Friday, September 24th where the presentation took place

Allianz bought the latest development of WING, the sustainable office building k3 for its new headquarter

WING Ltd. introduced its new sustainable office building named k3. Situated in the newest business centre of the capital, with its 17000 m2 area coverage on the Könyves Kálmán Ringroad, K3 conforms to the international regulations of BREEAM. The A-class office complex offers sustainable and cost-effective solutions to all their future tenants through its environment conscious construction techniques. K3 will open its gates officially in March 2010.

There’s even more good news for the property market and its related professionals this week as the results of the Europe & Africa Property Awards 2009 in association with CNBC Arabiya have been revealed. Rightly proud of its success, WING is delighted to announce that it has won awards in the categories of Best Office Development with Atrium Park, Best Public Services Building with New Corvinus Campus and Best Retail Centre for Agria Park Shopping Centre. Winners will be invited to attend a high profile gala dinner at the Marriott Hotel in London’s Grosvenor Square on Friday, October 16th where they will be presented with their awards.

Due to joint efforts of international and Hungary-based companies, the Roundtable Association for Real Estate Developers (RARED) was formed with the participation of Hungary’s most important real estate companies. RARED considers its duty to act as an advocacy group for Hungary’s internationally recognized real estate developer companies through its development programmes concerning the built environment.

WING Zrt. is set to launch two new office developments in the market in 2009. The latest additions to the Millenáris Office Buildings complex in Budapest's Millenáris Park, the Modern and the Avantgarde, will be completed in the spring; while the k3 office centre, an environmentally friendly office complex on the Könyves Kálmán Krt. ring road, will be ready by the end of the year. Both projects have generated considerable interest among prospective tenants, which bodes well for the future of these developments.

GE Hungary’s new 6 300 m2 warehouse and office complex has been handed over in the East Gate Business Park, which is located at the intersection of the M3 and M0 motorways. This unique built-to-suit building was constructed to house the company's energy division.

Following completion of Philip Morris’ category “A” office building at the beginning of this summer, the company’s new national logistics and commercial centre of 7,000 m2 has been handed over. The company’s new headquarters have been completed in record time, ahead of the scheduled opening date of autumn 2008.

- A New office centre in the Business Park - In June of 2008 Igepa Paper Hungary Kft followed by Nefab Packaging Hungary Kft in July have signed lease agreements on premises in the East Gate Business Park. Nefab will be setting up its headquarter in a 4,700 m2 warehouse and 900 m2 office area, in the recently completed hall B1. Igepa is renting 1,600 m2 of warehouse and 230 m2 of office space.

Demand is strong for speculative and BTS buildings as well on the industrial and logistic real estate market. Still there are just few developments on the domestic market which completely satisfy the tenants’ needs, as East Gate Business Park or South Pest Business Park (Dél-pesti Üzleti Park) do

WING Zrt. has just begun work on a major new office development. The value-creating company, and recognised market-leader in premium category office, logistics and commercial real estate investments, has started the building works of the K3 Office Building along the office corridor of the Könyves Kálmán ring road. Scheduled for completion at the end of 2009, the project, with its efficient and environmentally-friendly features, promises an economical solution for companies that will eventually rent its offices.

On the 8th of May 2008, Wallis Real Estate formally opened their most extensive office development to date – the second phase of Átrium Park. This means that now this office complex on Váci út provides 32,000m2 of office space with a high standard of services in an environment which could hardly be described as everyday. This office complex is one of the most sought after office buildings in Budapest – and many say the most beautiful one, and it clearly reflects the need for property development to add value. Tenants include the Europe Social Fund, Eidos, Host Logic and the Energia Központ Kht., the Állami Autópálya Kezelő Zrt, Nemzeti Infrastruktúrafejlesztési Zrt, DeTeImmobilien-Hungary Zrt and Adidas.