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

  • International logistics operator Logfret has leased nearly 4,900 sqm of warehouse and office space at the Segro Logistics Park Warsaw, Nadarzyn. The transaction was advised by Axi Immo.
  • Prologis has leased 2,200 sqm at Prologis Park Prague-Rudná to BattSwap. The tenant will utilize the space for assembly, storage, and office operations.
  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


Latest news

News - Warsaw’s growth story is far from over
17
Jun
2026

Warsaw’s growth story is far from over

by Property Forum
Few European capitals have changed as rapidly as Warsaw over the past three decades, yet many believe its biggest transformation still lies ahead. Industry leaders speaking at the closing panel of Future of Real Estate 2026, moderated by Aleksandra Mazzini, argued that the city is entering a new stage of development, driven by technology, talent, infrastructure investment and the evolution of large-scale mixed-use districts. While challenges around planning, regulation and sustainability remain, the long-term outlook for Warsaw was overwhelmingly positive.
Read more >
News - Harden Construction starts logistics development in Sosnowiec
16
Jun
2026

Harden Construction starts logistics development in Sosnowiec

by Property Forum
General contractor Harden Construction has started building a logistics centre in Sosnowiec for the Raben Group, one of Europe's logistics companies, with completion scheduled for Q1 2027.
Read more >
News - Passerinvest Group aims to deliver new Prague offices in H1 2028
16
Jun
2026

Passerinvest Group aims to deliver new Prague offices in H1 2028

by Property Forum
Passerinvest Group, in partnership with the GEMO group, has advanced construction on the Sequoia development in Prague, with final completion scheduled for H1 2028. Gemo is also serving as the general contractor for the project.
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