DUNA PASSAGE PERMIT SIGNALS NEW ERA FOR WING
The Hungarian developer Wing is working on planning for a pair of modestly-sized projects in Budapest, but it’s the announcement that planning for Duna Passage has been approved that’s hogging the spotlight. Located just north of the planning battle zone that is Csepel Island, these 250,000 sqm by Wing are actually crucial for the development of the entire district.
Along with direct access to the Danube, a surprising rarity in Budapest, the site will be serviced by the HÉV commuter train along with three road connections (to be built by the investor). Wing is also planning to have the residential and office buildings in Duna Passage BREEAM-certified, and its proximity to the river will be particularly useful in this regard. Water will be piped in to be used for cooling. Construction could begin as early as 2011, but this will depend upon Wing’s equity situation or potentially its ability to cooperate with outside investors on what’s ultimately expected to be a €300m project. Master planning has been executed by Foster & Partners.
The fact that Wing has gone public with its plans for Duna Passage is all the more remarkable, coming as it does before any substantiated hope that the worst of the financial crisis is over.
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