September 17, 2025

Living Announces Completion of Kassak Terrace in Budapest

Living, the residential property development business of WING, has announced the completion of Budapest’s Kassak Terrace, the third phase of the company’s Kassak Project.

According to Living, Kassak Terrace received its final use permit ahead of schedule. Located in District 13 in the Hungarian capital, the residential park has 246 apartments with an A+ energy rating and what Living describes as “cutting edge energy solutions for cost-effectiveness.” Sales of the apartments are underway.

Kassak Terrace offers both studio apartments and large six-room penthouse units with panoramic views. A total of 21 homes in the project have direct garden access. The underground parking garage of the residential development has 259 parking spaces, including 190 with electric chargers.

‘We are happy to announce that the Kassak Terrace residential park, a Living development, has received its final use permit ahead of schedule,” said Tibor Tatar, Deputy CEO of WING’s residential and office development businesses in Hungary. “At Living, it is our priority with all residential projects to develop properties that meet all the needs and expectations of the residents. This was true for Kassak Terrace as well: with the handover of the residential park, the Kassak Project is now complete. This is a major milestone for Living, as we have built 250 additional high-quality apartments with a focus on environmental considerations. We continue to work towards our goals. The feedback we get from the market and the pace of sales show that Living’s approach and sustainable apartments with quality services continue to be in high demand.”

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Crownd Estate Group Completes Out-of-Court Restructuring

Austrian developer of luxury real estate Crownd Estate Group has completed an out-of-court restructuring following 18 months of intensive negotiations with 25 Austrian financial institutions.

Michal Radomski Joins Scallier as Investment Director in Poland

Radomski will advise the company’s clients on the acquisition of retail real estate and manage asset sale processes, representing property owners and developers.

7R Secures PLN 83.9 Million in Third Green Bond Offering

The company reports that, since the beginning of this year and the first issuance, it obtained capital totaling approximately EUR 77 million.