ARTICLES LABELLED WITH TAG Futureal

Pál Darida, Director of Transactions and Financing at Futureal Group, passed away on Monday, the group announced. 

Futureal-Cordia-HelloParks Group and its employees have made a number of commitments to help refugees from Ukraine.

Karol Pilniewicz, Chief Investment Officer of Futureal Investment Partners talked to Property Forum about entering the investment market, the condition of the retail sector after two years of pandemic restrictions and current financing conditions.

The first phase of the Corvin Innovation Campus, with almost 17,200 sqm of office space, has reached its highest point. Developed by Futureal and located in the immediate vicinity of Corvin Promenade in Budapest, the first phase of the 30,000 sqm complex is expected to be completed by the end of 2022, while the second phase is scheduled for completion in Q4 2023.

Futureal Investment Partners has acquired the Galeria Bemowo shopping centre in Warsaw, Poland. The value of the transaction remains undisclosed. 

Hungarian asset manager Futureal Investment Partners has made its second acquisition – the Wratislavia Towers mixed-use development in Wrocław city centre. The value of the transaction remains undisclosed.

Futureal Investment Partners has completed its first acquisition – the Manhattan shopping centre in Gdańsk from Sirius Investment for an undisclosed sum.

Hungary-based real estate developer Futureal announced the launch of Futureal Investment Partners, a real estate investment and asset management business that will focus on value-add and opportunistic investments across Europe.

Futureal has signed a €60 million (approximately HUF 21.5 billion) loan agreement with Erste Bank to finance the construction of the second phase of the Budapest ONE office park, currently under development, which is being developed in parallel with the third phase and will be handed over in the second half of 2022.

Hungarian developer Futureal and MKB Bank have signed a loan agreement for nearly €50 million (approx. HUF 17 billion) to finance the third phase of its Budapest ONE office park project. The final phase of the office complex will be completed in the second half of 2022.