Both office buildings were developed by WING and are LEED Gold certified for environmental design.
The company signed the purchase and sale agreement with Global Trade Center (GTC) Real Estate Hungary Zrt. on April 27. The transaction is expected to be closed in the second quarter of 2021 at the latest.
The two office buildings are located on the Danube bank. Completed in 2018, the Ericsson headquarters, offering 21,100 sqm of floor space building is one of the most modern office buildings in Hungary. In addition to offices, the building is also home to one of the Swedish company’s largest R&D centers. With 21,100 sqm of floor space, the building incorporates a variety of high-tech and high-end finishes and solutions.
The evosoft headquarters building is WING’s newest property development project, delivered in late 2020, offering a floor space of 20,700 sqm. The building incorporates a number of innovative solutions in order to allow evosoft Hungary – a Siemens subsidiary – to provide employees with a sustainable and people-centric 21st-century working environment.
“WING aims to create world-class buildings that provide an inspiring environment for its partners while creating long-term value. The Ericsson headquarters – completed in 2018 – and the adjacent evosoft headquarters – handed over at the end of 2020 – are perfect examples of this ambition. Both buildings are environmentally conscious and LEED Gold certified; they are among the most innovative office buildings in Hungary; and they are new landmarks on the banks of the Danube in Budapest," says Noah Steinberg, chairman & CEO of WING.
"The transaction of the Ericsson and evosoft headquarters buildings is in line with our company's growth strategy over recent years, which aims to become a significant market player in the international real estate market. Therefore, we focus our operation on regional expansion as well as on our property development and investment activities. WING is active in all real estate market segments, whether it is residential properties, office buildings, industrial properties, shopping centers or hotels in Hungary, or – via its subsidiary Echo Investment – offices and residential projects in Poland.” he adds.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
