Futureal Group has started the construction of the second phase of its Advance Tower office building located at the Váci office corridor in Budapest, Hungary. The expansion of the office complex will offer an additional 8,000 square meters of GLA. Advance Tower’s second phase receiving the international WELL Building Platinum Precertification is expected to be handed over in the second half of 2019.
Advance Tower, valued at €68 million, will expand to 20,100 square meters of GLA due to the second phase of the office building. The first phase of Advance Tower offering 12,100 square meters of office space can be occupied by the tenants from June this year. The glass surfaces of the 8-storey, modern complex designed by Paulinyi-Reith & Partners Architectural Studio ensure the high proportion of natural light in the offices. Both phases of Advance Tower are equipped with smart solutions and sustainable technologies, therefore intelligent building management, automated shading technology with sunshine exposure optimization, decentralized hot water supply, roof garden with smart irrigation system facility, and low-emission heating-cooling system can all be found in the office complex.
Advance Tower has acquired BREEAM certificate and the office complex has also been designed and will be operated according to WELL Building Standard. The purpose of the WELL certification is to create office buildings that have a beneficial impact on employees’ health, well-being and comfort, besides environmental protection. Washington-based International Well Building Institute’s (IWBI) system examines buildings’ impact on the human body, health and wellbeing, rating them based on 7 categories – air, water, healthy nourishment, natural light, fitness, comfort and mental freshness. Currently, there are over 30 WELL Precertified office buildings worldwide. Among them, Futureal is the first European property developer with three projects receiving WELL Platinum Precertification at the same time.