The Futureal Group has announced the transitioning of its entire Hungarian real estate portfolio to green energy, as part of a move aligned with the Paris Agreement and EU’s 2050 net-zero carbon emission target.
This initiative, which began in January, now sees over half a million square meters of real estate operated using 100% renewable energy. Key properties such as the Budapest ONE and Corvin Innovation Campus office buildings, Etele Plaza shopping center, and four HelloParks megaparks are now reducing carbon emissions by more than 8,500 tonnes annually.
Futureal Group has invested over €5 million to support this transition, with 15% of the buildings now utilizing on-site renewable sources like solar panels. Additionally, since 2024, all new Cordia residential developments, including the large-scale Marina City project, are being constructed using green energy. To ensure a constant supply of green energy, the company also purchases certified green electricity from Hungarian renewable energy producers.
“Green energy is not just a sustainability goal, but also a competitive advantage in the real estate market,” said Márk Balástyai, CEO of Futureal Energy. “By applying renewable energy across our entire portfolio, we are not only reducing environmental impact but also ensuring a more stable and cost-efficient energy supply for our tenants in the long run.”
Futureal Group's commitment to ESG principles is present in its developments. Several properties have achieved high sustainability ratings, including BREEAM Excellent for Budapest ONE and Corvin Innovation Campus, BREEAM Very Good for Etele Plaza, and BREEAM Outstanding for HelloParks Maglód MG3.
