Press Releases

New Telekom Headquarters building structurally complete

Budapest, November 30, 2017 18:00

WING has customised one of Hungary’s most innovative office buildings to suit Magyar Telekom’s needs. The development of Hungary’s largest office building to be constructed in a single block has reached an important milestone: the new Telekom Headquarters building is now structurally complete.

The approximately 100,000 m 2 building will be a defining feature of the Budapest cityscape, with a design that is based on the latest HR and IT trends. The developer WING Zrt, which has set its sights on building the workplaces of the future, has customised it fully in line with the specific needs of the Magyar Telekom Group.

30 November 2017 Structural work has been completed on the new Magyar Telekom Headquarters building which, thanks to its easily accessible location, energy efficient equipment and solutions serving to provide a healthy working environment, will be one of the country’s most innovative office buildings, and is being built with sustainability in mind. The 100,000 m 2 building, which will be a defining feature of the Budapest cityscape and serve as a gateway to the city for people arriving from Ferenc Liszt International Airport, will house a people-centred facility made up of well-designed interior spaces. The interior spaces will be conducive to efficient operation, but at the same time make for a stylish, flexible and creative working environment.

The world-class Telekom Headquarters building is a good example of how WING envisages the office buildings of the future”, emphasised WING Zrt.’s Chairman & CEO Noah Steinberg at a ceremonial tour of the building held to mark the occasion. “ We consider it important, in both our current and future investments, to create quality workplaces in every sense of the word. Implementing a building project of this volume and technological standard, however, entails challenges that few are capable of meeting in today’s Hungarian real estate market. Wing is one such company, as the leading office developer in the Hungarian real estate market, creating genuine value in architectural, functional and economic terms. In almost twenty years of operation our company has proven its ability to supply market expertise, a fair-minded approach to business partnerships and a stable financial background, even when it comes to complex major investments such as the largest office building in the country, the Telekom Headquarters, which has just reached this important milestone, he said.

“The new building embodies how we see ourselves, what Telekom’s components are: the network, and shared knowledge based on cooperation. In our new headquarters, more than 4,000 Telekom and T-Systems employees will work together to bring the promises of the future into the present. This is a major task, so we’re doing everything we can to provide an inspiring environment”, said Cristopher Mattheisen, CEO of Magyar Telekom.

The headquarters building will be completed in the second half of 2018, and the lease agreement with Magyar Telekom has a term of 15 years. The architectural designs for the headquarters building were made by TIBA Architectural Studio, and the construction work is being carried out by Market Építő.

Interesting facts and figures about the building

  • 1 building, equivalent in size to 3 large Budapest office buildings
  • In itself the building accounts for almost 2% of the Budapest office market
  • Gross area of the building: 100,000 m 2 (3 underground parking levels + ground floor + 8 storeys)
  • Area available to let: 58,000 m 2
  • Almost 4,000 jobs
  • Conference centre with capacity for 300 persons, with split level interior
  • Two restaurants (350 + 150 person capacity) with a 2,600-portion kitchen, café
  • Fitness centre, 700 m 2 gym, running track on the roof terrace
  • 2,000 m 2 internal garden (3 internal courtyards)
  • 300 m 2 internal pond
  • 3 ramps for accessing the underground car park
  • Parking spaces in the underground car park: 1,350 cars, 81 motorcycles, 344 bicycles
  • 50 electric vehicle chargers
  • 15 changing rooms with shower facilities are connected to the underground garage

About the construction

  • 80,000 m 3 of concrete (enough to build 60 km of two-lane road)
  • 10,000 tonnes of steel reinforcing rods (the weight of 55 empty Boeing 747 Jumbo Jets)
  • 26,000 m 2 of facade glazing (14 football pitches of flat glass)•       27 energy saving lifts
  • 39 metre high building
  • 22 meter columns at the main entrance
  • 6 cranes used during construction, the biggest being 60 m tall with a 70 m jib length
  • 70-80 suppliers/subcontractors
  • Some 500-600 workers on the site, with up to 1,000 people working on the project during the peak period, and a total of 5,000 workers involved in the construction
  • 28-month construction period

About Wing

WING is the leading Hungarian-owned business in the domestic property market, with a considerable project portfolio, an investment division and subsidiaries that specialise in the provision of property-related services. The company develops offices, industrial properties, commercial facilities, hotels and other, special properties, and is Hungary’s largest office developer. The company’s ongoing projects include Magyar Telekom’s new headquarters building, which is the largest and most modern single-block office building in the country to date, the Ericsson headquarters building which is currently being built on a site overlooking the Danube, and Hungary’s first hotel with a direct connection to the airport, the Ibis Styles Budapest Airport Hotel, as well as the Skylight CITY office building and the B2 industrial unit being constructed in the East Gate Business Park. Since its establishment, WING has developed over 450,000 square metres of property, and the portfolio of properties under its ownership consists of more than 350,000 square metres. The company’s completed developments include, among others, the sustainable V17 Office Building at the beginning of Váci út, which has E.ON as its main tenant, the new Corvinus University building and connected Studium Office Building, Átrium Park, the new headquarters and production centre of Hungarian State Television, the Allianz headquarters, the company’s own headquarters Máriássy Ház, and the three office buildings in Millenáris Park. Added to these are industrial parks, such as the East Gate Business Park and South Pest Business Park, as well as commercial developments like the Agria Park shopping centre in Eger, or Hungary’s first environmentally friendly mall, the Hegyvidék Shopping Centre in Buda. The company has ownership stakes in the MOM Park Shopping Centre and MOM Park Offices.


Csenge Mátray, WING Zrt. Tel: +36 (1) 451 -4760, Fax: +36 (1) 451-4289, email:

Ildikó Zoltai, Magyar Telekom, Communication Directorate, email: