Hungary’s leading real estate company, WING, through one of its investment funds, has acquired Infopark D Office Building, an outstanding, award winning office building in the South-Buda area. The transaction was financed by HypoNoe Bank AG.
The Infopark D Office Building is a 6-storey, 19,000 square meter property built in 2007. Its occupancy almost reaches 100%, with major tenants, such as IBM, Strabag and DBH. The high quality structure has an underground parking garage with 353 lots, a green rooftop terrace, and a restaurant. “Infopark D Office Building is an excellent addition to our portfolio, which has an increasingly important stake in the constantly developing South Buda area. The building is in perfect condition, is of high architectural quality with a first-class tenant mix, and it is immediate adjacent to two of our developments, the recently completed Ericsson House and the just announced Siemens-evosoft headquarters.” – said Noah Steinberg, Chairman and CEO of WING Zrt.
WING is becoming more active in Budapest’s rapidly growing South Buda area, which is in the close vicinity of two prominent Hungarian universities, Budapest Technical University and Eötvös Loránd University. The new Ericsson House, built in the first phase of the development project of the Hungarian Nobel-Prize Winners’ R&D Park, was officially handed over in May. The second phase of the development project, the new Siemens-evosoft headquarters is starting soon, further increasing WING’s involvement in the area.
WING is the leading Hungarian-owned business in the domestic property market, with a considerable project portfolio, an investment division and subsidiaries that specialise in the provision of property-related services. The company develops offices, industrial properties, retail facilities, hotels and residential projects, and is Hungary’s largest office developer. The company’s ongoing projects include Magyar Telekom’s new headquarters building, which is the largest and most modern single-block office building in the country to date, the new evosoft headquarters building, the Skylight CITY office building, a new Flight Training Centre for Wizz Air and a residential project called Kassák Residence. Since its establishment, WING has developed over 450,000 m2 of property, and the portfolio of properties under its ownership consists of more than 350,000 m2. The company’s completed developments include, among others the new Ericsson House, ibis Styles Budapest Airport Hotel, the E.ON headquarters, Studium Office Building, Átrium Park, the new headquarters and production centre of Hungarian State Television, the Allianz headquarters, the company’s own headquarters Máriássy Ház, and the three office buildings in Millenáris Park. Added to these are industrial parks, such as the East Gate Business Park and South Pest Business Park, as well as commercial developments like the Agria Park shopping centre in Eger, or Hungary’s first environmentally friendly mall, the Hegyvidék Shopping Centre in Buda. The company owns EuroCenter shopping center and Family Center in Szombathely and has shareholdings in the MOM Park Shopping Centre and MOM Park Offices.
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