News Article Budapest Corvin development Futureal Hungary office
by Ákos Budai | Office

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.

The 27,000 sqm office complex will be located in the eastern side of Corvin Quarter in the immediate vicinity of Nokia Skypark office building. The new office complex at Corvin Promenade was designed to meet the requirements of the digital age. Erste Bank grants credit of more than €45 million with a repayment period of 10 years for Futureal Group’s Corvin 5 project. The first phase of the complex will offer 14,200 square meters of GLA, while its second phase will have 12,800 square meters of GLA. The second phase will be handed over only six month after the first. With the new complex the total GLA of the Corvin offices will reach 100,000 square meters. 

The Class A office building was designed according to the latest international standards, it received BREEAM Very Good certification at the planning phase. Additionally, Corvin 5 can be among the firsts 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.