WING is a leading regional player in the Central European property market active in Germany, Poland and Hungary.

"WING is active in all property asset classes in Hungary. This transaction confirms our belief that offices remain a key component of the real estate market as they also represent a key component of a modern economy. WING is committed to providing buildings to its partners that meet their needs in terms of location and functionality. As tenants enter into long term rental agreements for the space that they require, investors in turn recognize the long-term value of these assets. This transaction is proof of a functioning office market. for both developers and investors. said Noah Steinberg, Chairman and CEO of WING.

Honvéd Center offers unique, high-quality offices, available for lease in a historic setting in the heart of Budapest’s city centre.  The project comprises two buildings:  One is a classical listed building with a restored turn-of-the-century facade concealing well-appointed, modern offices and imposing interior spaces reflecting the building’s original appearance. The other is a modern office tower provides six floors of high-quality office space, underground parking and a newly renovated reception area. Parliament, numerous public institutions, ministries, courts and chambers, shopping venues, restaurants and cafés, and the capital’s renowned antique shop and gallery district, are all in the building’s immediate neighbourhood.

The seller was represented by Szécsényi & Partners and iO Partners, while the buyer was supported by Taylor Wessing Braner, Ódor és Társai Ügyvédi Iroda.

The transaction is expected to close in mid-December. The purchase price and other terms of the transaction remain confidential.