Hungarian telecom operator commissions new HQ in Budapest

Hungarian privately-held developer Wing has signed an agreement with domestic telecommunications operator Telekom to build its new headquarters in Budapest.

The project, comprising a total of 55,000 m2, is one of the largest developments to be implemented in the Hungarian capital.

Construction is expected to start in early 2016 with completion scheduled for the second half of 2018.

Telekom said the scheme will accommodate most of the staff employed by Telekom and T-Systems. The group has agreed to lease the asset for a term of 15 years.