News Article CEE development Futureal Hungary industrial logistics
by Property Forum | Industrial

Gábor Futó, the founder of Futureal and Cordia has funded a new industrial and logistics property development and investment company, HelloParks. The firm will operate as a member of Futureal Group and is headed by Rudolf Nemes. HelloParks aims to obtain a leading position of this dynamically growing segment, as a first step in Hungary, later on in the whole CEE market. Expanding the group’s portfolio will also contribute to Hungary becoming a true regional logistics center.  

„The growth of e-commerce and shortening of production and supply chains, relocating them closer to target markets, has significantly increased warehousing needs. The process has been pushed even quicker due to the coronavirus pandemic, with customer and investor interest growing further throughout Europe. We are confident that HelloParks can achieve great success even in the short term, and can improve Hungary’s position in the international logistics market,” said Gábor Futó, founder and owner of Futureal Group.

Gábor Futó

Gábor Futó

Co-Founder / Owner

Gábor Futó co-founded Futureal group with his father, Péter Futó after returning from his studies at Harvard University 15 years ago. Futureal is currently active in 5 countries: Hungary, Poland, Romania, Germany and the USA with co-investment exposure to several other countries. Under his leadership, Futureal has become one of the top 20 developers in Europe with finished projects of 900 million Euros. Since 2003, Futureal has grown its project pipeline 100 folds from 15 million Euros to 1.5 billion Euros and its professional head-count from 2 to 170. Futureal has sold properties worth 600 million Euros, entered into several joint ventures with leading institutional and private investors and has received numerous awards for its projects. Futureal develops Corvin Promenade, the largest urban regeneration project in CEE, several office and shopping centre projects in Hungary, Poland and Romania and has also founded a residential subsidiary, Cordia, which has become Hungary’s market-leading residential developer and has also entered the Polish and Romanian markets. Gábor Futó was previously chairman and co-founder of Finext Fund Management Ltd., an independent speciality fund management business. The company issued Hungary’s best performing real estate fund, the first stock exchange-listed property fund and has issued the first endowment fund in Hungary, which has become one of the best performing funds of the last 7 years. Gábor Futó is a board member and co-owner of Finext Startup Venture Capital Fund Management Ltd., the successor of IBH Ltd., a Hungarian private equity company involved in buyout and investment deals, where Gábor Futó was previously CEO. Previous gold medalist of the International Mathematical Olympiad, Gábor Futó received his MSc in Mathematics from Eötvös Loránd University, Budapest in 1999, his MBA from London Business School – BUES Program and has been visiting fellow in 1998, 2000 and 2001 at Harvard University (Economics PhD Program) and Harvard Business School (MBA Program).

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„In addition to attractive rent and flexible terms, the new HelloParks industrial parks will offer a comprehensive services package, above and beyond warehousing functions. As a first step, the company is planning to develop megaparks around Budapest, later expanding into the countryside, where customers can operate warehouses as well as light industrial plants,” said Rudolf Nemes, CEO of HelloParks. „We aim to develop the most efficient and most environmentally friendly industrial facilities at the best price, thereby making HelloParks a dominant player in the market.”

To achieve these goals, the modern, environmentally friendly and energy-efficient facilities will offer IoT and smart solutions, as well as recreational and community services developed to support relaxation.