The transaction aligns with WING’s long-term investment strategy, which focuses on high-quality assets providing stable yields in prime locations, and reinforces the group’s commitment to the Hungarian office market.  With the acquisition of Capital Square, the company further strengthens its presence along the Váci út office corridor, in a business environment partly shaped by WING, where numerous landmark developments are associated with the company – including V17, Atrium Park, the Danubius Buildings, and most recently launched Greenway.

Capital Square is situated at a major hub of the Budapest office market, at the intersection of Váci út and Dózsa György út, directly above an M3 metro station. The modern, Class ‘A’ office building offers a total of approximately 34,000 square meters of gross leasable area (GLA). Due to its efficient and flexible floor plates and excellent accessibility, the building operates with high long-term occupancy rates. Within the building, House of Business serviced offices, a restaurant, a bank branch, and a café with a terrace provide high-standard services. The sustainable and inclusive operation of the office building is certified by BREEAM In-Use and Access4You ratings.

To ensure the successful closing of the transaction, WING collaborated with renowned professional partners: legal advice was provided by Taylor Wessing, technical due diligence was performed by Sentient, tax and financial advisory was handled by Becher & Torma, while Cushman & Wakefield acted as the business advisor. The acquisition was financed with the participation of K&H Bank.

The scale of the transaction is highlighted by the fact that it represents one of the largest office market acquisitions on the Váci út corridor in the past three years.