Futureal Development and Futureal Investment Partners will continue to operate as an integrated business line, in order to capitalize on the operating and management synergies and further strengthen its presence in the international real estate market.

The new organization will be jointly led by Karol Pilniewicz, CEO & CIO of Futureal Investment Partners focusing on investments, asset performance, leasing and day-to-day support to commercial teams, and David Hendrych, Group CFO & COO of Futureal being responsible for reporting, finance and operational matters.

In the future, Futureal will concentrate on expanding its Central European activity to a pan-European scale, with an increased focus on commercial property retrofit and redevelopment. The new strategy is driven by the abrupt and immense market pressure on existing commercial properties that are obsolete or will quickly become obsolete against new ESG and energy requirements. Parallel to this, Futureal Group remains an active investor in the office, retail, logistic and BTR segments holding close to €2 billion assets under management in various countries in EMEA.

Although fully concurring with the new strategy, after nearly 20 years Tibor Tatár, former CEO of Futureal Development, decided to leave the company for personal reasons bounding him to a narrower geographic region.

"Tibor was a key figure in Futureal Development’s history, and in its becoming one of the largest real estate development and investment management companies in the region. The team has built 500,000 sqm of GLA commercial and office projects valued at a total of €1.6 billion, while our investments have revitalized entire districts, such as Corvin Promenade or the South Buda City Center. It was a great honour to build Futureal Development together and achieve such success stories over the last two decades," said Gabor Futó, Co-founder and Co-owner of Futureal Group.

“Leading an outstanding professional team at Futureal, I had the luck of developing a large number of class-leading commercial projects in the CEE. I’m proud of our assembled team at Futureal who are predestined to achieve even greater success in the future,” underlined Tibor Tatár in the company’s announcement.