Futureal and Erste sign €45 million credit agreement

13
Mar
2017
News - Futureal and Erste sign €45 million credit agreement #Budapest #development #Erste #financing #Futureal #Hungary #office

by Ákos Budai | Office

Futureal Group signed a credit agreement of €45.1 million with Erste Bank Hungary Zrt. in order to finance the realisation of the Corvin 5 office building. The first phase of the building is expected to be handed over at the end of 2018. 


Erste Bank grants credit of more than €45 million with a repayment period of 10 years for Futureal Group’s Corvin 5 office building that will be realized in two phases. The building complex valued at €90 million will be the latest and also the final member of the Corvin Promenade office building project. The 27,000 sqm office complex will be located in the eastern closing block of Corvin Quarter in the immediate vicinity of Skypark, which was finished last year. The first phase of Corvin 5 will offer 14,200 square meters of GLA, while its second phase will have 12,800 square meters of GLA. 
 
The office building can be among the first to obtain the Well Building Standard certification in Hungary, which is based on aspects that have a positive impact on the health and well-being of employees. 



Latest news


New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


Latest news

News - Slovak investment market looks resilient going into 2026
27
Mar
2026

Slovak investment market looks resilient going into 2026

by Property Forum
Investment activity in Slovakia is showing clear signs of recovery, supported by improving sentiment and renewed capital flows across Europe. We report from Bratislava Property Forum 2026.
Read more >
News - CA Immo returns to strong profit in 2025
27
Mar
2026

CA Immo returns to strong profit in 2025

by Property Forum
CA Immo reported a return to profitability in 2025 with a consolidated net result of €184.4 million, compared to a loss of €66.3 million in 2024. The Austrian real estate company maintained stable net rental income despite ongoing asset disposals and exceeded its financial targets for the year.
Read more >
News - RRG secures €7.8 million funding for resi project in Bucharest
26
Mar
2026

RRG secures €7.8 million funding for resi project in Bucharest

by Property Forum
Real estate developer RRG Real Estate Group has signed a €7.8 million financing agreement with tbi bank to complete the first stage of the Lakeside11 residential complex in northern Bucharest.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy