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The building has been awarded BREEAM “Excellent” certification, and the traditional wing of the complex has recently obtained WELL “Gold” accreditation, further strengthening its commitment to future-conscious and people-centered operations, according to ConvergenCE.
Only one office suite of 400 sqm remains available. Developed by Europa Property and ConvergenCE, the full-scale renovation was completed in 2023 with the aim of preserving the building’s historic character while upgrading it to meet today’s expectations in technology, comfort, and sustainability.
“Academia is a true trophy asset. Its value is supported by a rare combination of excellent leaseability, premium location, and a forward-looking, sustainable operating model,” says Csaba Zeley, managing director of ConvergenCE.
“We acquired the property in early 2022 as a value-add investment during a period of significant global uncertainty, with the pandemic’s aftermath, geopolitical tensions, energy crises, and inflation all in play,” he notes.
“Despite these conditions, our agile in-house leasing team brought the building to near full occupancy within just 18 months. Rents have surpassed prime Budapest levels, and our tenants have strong financial profiles and long-term commitments,” Zeley adds.
Academia Offices now has multiple sustainability accreditations: from WELL, WELL Health and Safety Rating, WiredScore, BREAAM and Access4you, comments Regina Kurucz, managing director of Rewell Consulting and a WELL assessor.
Several new tenants at Academia include the Narara Group, one of Hungary’s largest wine and viticulture companies. It will move into a custom-designed office this fall. Both Saab and Shapr3D have undergone significant expansions over the summer. Shapr3D now occupies a total of 2,800 sqm, making it the building’s largest tenant.
ConvergenCE has invested EUR 250 million in commercial properties and played a key role in transactions worth a total of EUR 750 mln, according to the developer. Over the past two decades, it has developed 200,000 sqm of office, retail, and industrial properties with a policy of repositioning well-located but underutilized real estate.
Construction of Living’s Római Park, the first development by the residential development arm of Wing to be located in Buda, is progressing according to schedule, with completion of the building structure of the District III complex, which will have an “A+” energy rating.
The 257-unit residential park, located in a green area in north Buda offering what Living describes as sustainable and modern architectural solutions, is expected to be handed over in the second half of 2026, according to the developers. The project reached its highest point in July 2025, as scheduled.
The construction phase will be followed by finishing works. Currently, the facade doors and windows and the lifts are being installed, and mechanical and electrical work is in progress in the apartments.
Római Park will offer homes with plenty of natural light, from studio flats to 4-room penthouse units. All will be built according to top-tier technical standards and have energy-efficient solutions, ensuring cost-effective operations in the long term and low utility costs for residents.
Heating and cooling will be provided by a modern heat-pump system using renewable energy, and ceiling panels will ensure consistent thermal comfort. The 14-cm-thick heat insulation layer and triple-glazed doors and windows will result in lower heating and cooling costs, providing excellent sound insulation, Living says.
“The building structure of Római Park has been completed, and this is a milestone in the project and in Living ’s history, too,” comments Tibor Tatár, head of Wing’s residential and office development businesses in Hungary.
“With our first development in Buda, we are creating a residential park with modern homes and community spaces where you can feel close to nature while also enjoying modern urban comfort. The project is advancing splendidly, and we expect to complete it right on schedule, in the second half of 2026,” he adds.
Residents will be able to customize their smart home appliances and use community services via Living’s mobile app. For example, residents can set different temperatures for their home at various times of the day, while the community lounge can be booked for family events, and tools can be checked out from the shed, the developer adds.
As one of Hungary’s leading residential developers, Living has the professed aim of creating modern and sustainable urban homes that improve the quality of life of their residents through people-oriented services and intelligent solutions.
The number of apartments delivered and under construction since the company’s establishment in 2017 is close to 2,000, with more than 1,500 apartments already sold. Completed projects include Kassák Passage, Kassák Residence, and Kassák Terrace, Metropolitan Garden, Park West 1-2, and the first phase of Le Jardin in District XIII. Park West 3, Park West Rise, Le Jardin 2 and Római Park are under construction.
All residential developments are located in areas offering excellent transport options and a multitude of services, and all have outstanding technical standards and sustainable solutions, according to Living.
“In addition to energy management and environmentally-friendly solutions, making sure residents are comfortable and satisfied is a key consideration for Living, and the community and smart home solutions available in the residential projects support this goal,” the developer concludes.
At the beginning of 2025, Cordia planned to bring around 1,000 homes to the market this year, but in light of strong demand, the target has been increased to nearly 1,500. As part of these plans, the company will soon announce further new projects.
“In the second half of August, demand visibly picked up again, and this could be further strengthened in September by the maturity of a government bond. The heightened situation is well reflected in the fact that the number of incoming buyer inquiries week by week is breaking records,” says Áron Görög, Cordia’s head of sales.
“Cordia has launched registration for the development of more than 200 homes in one of Budapest’s most popular rental locations, the continuation of Corvin Promenade. The next structural phase of the Corvin Innovation Campus office complex is being converted into a residential building, Corvin Campus by Cordia, offering more than 200 high-spec apartments, mainly targeting investors seeking rental opportunities,” he adds.
This article was first published in the Budapest Business Journal print issue of September 19, 2025.
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