Tuesday, 4 November 2025
Hungarian real estate developer WING Group has signed an agreement with GTC for the acquisition of a development site located at 173–177 Váci Road, one of Budapest’s main office corridors. The plot spans more than 2.1 hectares and is planned for a mixed-use project that will include approximately 470 apartments and 23,000 square metres of office space.
The site is situated in the northern section of the block bordered by Váci Road, Szekszárdi Street, Madarász Viktor Street, and Szobor Street, providing direct access to metro transport and other urban services. The Váci Road corridor is the largest concentration of office space in Hungary, and WING has previously developed several projects in the area, including Atrium Park and the Kassák residential complex.
The planned development aims to add both residential and commercial capacity to the district. Construction of the residential component is scheduled to start in 2026, following the approval of a final concept design, a definitive building permit, and a town planning agreement with the local municipality. The agreement includes commitments to create public green spaces and community areas accessible to residents and workers in the neighbourhood.
WING stated that the project will be implemented in two phases, with the goal of integrating modern housing and office functions in one location. The company’s acquisition continues its long-term activity along the Váci Road corridor, an area that remains a focal point for new real estate investment in Budapest.
