Futureal office project in Budapest reaches highest point

06
Oct
2022
News - Futureal office project in Budapest reaches highest point #Budapest #Futureal #Hungary #office

by Property Forum | Office

The second phase of the almost completely contactless Corvin Innovation Campus office building developed by Hungarian firm Futureal has reached its highest point. This part provides 14,310 sqm of office space, and it has been developed according to the energy-cost-sensitive tenants’ needs. 


The construction of the complex is progressing according to plan. This spring the developer Futureal and Unicredit Bank signed a loan agreement for a total of €80 million to finance the project. The 16,650 sqm first phase of the nine-storey building is expected to be completed by the end of 2022. 

Despite the pandemic, the first part of the building has been almost fully occupied, and the first tenants will be able to move in early next year. The second phase is expected to be handed over at the end of 2023.

Energy prices have risen more than tenfold in Hungary, making it a key factor for companies' operations. Meanwhile, rising residential energy costs could accelerate the return of office workers, Futureal experts predict. At least 10% of the parking spaces will be equipped with electric chargers. 
 




Latest news


New leases

  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


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