WING sells Honvéd Center office buildings to German investor

WING has finalized an agreement for the sale of the Honvéd Center office buildings in Budapest’s Central Business District. The property, spanning 6,500 square meters, will be acquired by Greve Honvéd Kft., a subsidiary of Hamburg-based Greve Group. This strategic transaction underscores the ongoing appeal of high-quality office assets in Budapest and is expected to close by mid-December.

Honvéd Center is a standout property in the heart of Budapest, blending historic charm with modern functionality. The project includes two distinct buildings: a classical listed structure with a restored turn-of-the-century facade and elegant, modern interiors, and a contemporary office tower offering six floors of premium workspace, underground parking, and a newly renovated reception.

Situated in proximity to Parliament, ministries, courts, and shopping and dining venues, the complex benefits from its prime location within one of Budapest’s most vibrant neighborhoods.

“This transaction reaffirms our belief in the resilience and importance of office properties as a core component of the real estate market and a modern economy,” said Noah Steinberg, Chairman and CEO of WING. “We are committed to delivering buildings that align with our partners’ needs in terms of functionality and location. The Honvéd Center exemplifies this commitment, and its successful sale highlights the value of long-term investments in quality office assets.”

The funds generated from the sale will enable WING to pursue further real estate opportunities, reinforcing its position as a key player in Central Europe’s property market, with operations spanning Hungary, Germany, and Poland.

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

While the purchase price and transaction details remain confidential, the sale marks a significant milestone for both WING and Greve Group, illustrating Budapest’s enduring appeal to international investors.