ARTICLES LABELLED WITH TAG Futureal

JLL and CBRE have been jointly appointed to lease Budapest ONE Business Park, the new office development project of Futureal Group in Hungary. The two advisors will cooperate on a co-exclusive basis for the leasing of the 68,000 square meter office complex.

Futureal Group has become the first property developer in Europe to receive the WELL Building Platinum Precertification for three of its office building projects at the same time. Advance Tower, Corvin Technology & Science Park (Corvin 5) and Budapest One Business Park have been designed and will be operated to make a positive impact on employees’ health and wellbeing. The three office complexes located in Budapest, Hungary will offer over 100,000 square meters of office space in total.

The first phase of Futureal’s Corvin 5 office complex is the first building in Hungary and the second in Europe to receive the international WELL Building Platinum pre-certification. The office building valued at €90 million and equipped with the latest environmentally friendly technologies is expected to be handed over by the end of 2018 in Budapest. Corvin 5 has been designed to make a positive impact on employees’ health and well-being.

Following the expansion in Budapest, Krakow and Warsaw, Cordia has re-entered the Romanian capital with a 400 apartment development. Futureal Group’s residential subsidiary acquired 13 plots with a total area of 15,336 sqm in Bucharest where the project will be developed.

Futureal Group has started the construction of the Corvin 5 office building in Budapest. The first phase of the building is expected to be handed over by the end of 2018. The complex valued at €90 million is also among the firsts to receive Well Building certification in Hungary since it has already been registered in the international process of the standard system.

Futureal has sold its Sziget Center shopping mall in Hungary to OTP Property Investment Fund as part of the deal that also saw the purchase of the Skypark office building. After a successful repositioning, the 23,600 sqm center located on the outskirts of Budapest has managed to lure high-profile tenants and tripled its lease income over the last two and a half years.

Futureal Group sold its Skypark office building to the OTP Prime Property Investment Fund. The recently closed transaction increased the value of the fund’s property portfolio to over HUF40 billion. The complex, with 25,000 square meters of GLA, is located at the Corvin Promenade mixed use project in the center of Budapest and was designed to meet the needs of technology and R&D companies.

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. 

Futureal Group’s Advance Tower is getting closer to becoming the first office building in Hungary obtaining the Well Building Standard (WELL) certification. The International Well Building Institute’s system examines buildings’ impact on human body, health and environment and rates them based on 7 categories – air, water, nourishment, light, fitness, comfort and mind. The pre-qualification process of Advance Tower that will be built on Váci Road has already started. All further office projects of Futureal Group will be realized in line with the requirements of the Well Building international standard. 

Futureal Group handed over the Skypark office building as the latest member of the Corvin Promenade. The 25,000 sqm business center boasts the latest technology since it is planned to meet the needs of technology and R&D.