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Ericsson Research and Design HQ Opened

Ericsson has officially opened its new research and design headquarters at the Nobel Prize Winners Research & Development Park, located on the Buda side of the Rákóczi híd.

Ericsson Ház by Wing.

The 24,000 sqm LEED Gold accredited complex has been designed by László Szerdahelyi and József Pesti from Wing’s in-house architects, Aspectus. The general contractor was Strabag and the project has been financed by a consortium including UniCredit Bank Hungary, UniCredit Bank Austria, and K&H Bank with an investment value of HUF 20 billion. Wing is planning to undertake development of a further 23,000 sqm phase of the project in the coming weeks.

The location of the new headquarters, in the vicinity of the Technical University of Budapest and Infopark on the Buda bank of the Danube, was regarded as central for a unified research and development and administrative center by Ericsson.

Natural Location

“This is the natural location for our new headquarters, in large part due to our cooperation with the Technical University of Budapest,” said Börje Ekholm, president and managing director of Ericsson. The new complex will include a 1,000 sqm research and development facility as the company is working on development of the new 5G network. Wing has agreed a seven-year lease with Ericsson; 1,800 staff will be employed at the complex, which has a capacity for as many as 2,000 people.

Wing has tended to opt for the more cautious built-to-suit office development option in recent years as the company has diversified into the retail, industrial, hotel and residential markets. In District XI, the Hungarian developer is due to deliver the 57,000 sqm, built-to-suit, Magyar Telekom headquarters in the fourth quarter. The project, designed by TIBA Építész Stúdió Kft., is the largest single block office center under construction in Budapest, according to Wing. The company has the option on an adjacent development plot in what is a developing business area; Skanska also has an office development project here.

“We are a trusted partner for multinational companies in Hungary seeking long-term property solutions, as evidenced by our HQ developments and references for such companies as EON, Telekom, Allianz and others. The new Ericsson Headquarters continues this trend,” said Noah Steinberg, chairman and CEO of WING.