Wing buys Airport City Logistics Park
Wing has bought Airport City Logistics Park located in the neighborhood of Budapest Ferenc Liszt International Airport, adding about 44,000 sqm of modern warehouse buildings and 8,000 sqm of office area to the company's portfolio, according to a press release sent to the Budapest Business Journal.
Wing's transaction with CPI Group was carried out at a record low, 5.6% yield. During the transaction, Wing was represented by the law firms Dentos and CBRE, and CPI Group by the law firm DLA Piper.
Wing has a number of development projects in the vicinity of the airport, including the ibis Style Budapest Airport Hotel next to Terminal 2, and Hungary’s most modern training center for pilots and flight attendants built nearby for Wizz Air.
In addition to the logistics park now purchased, Wing’s industrial portfolio also includes East Gate and East Gate PRO, as well as Login business parks.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.