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. 
 




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New leases

  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.
  • International flexible office operator SwitchUp has launched its expansion into the Polish market, securing a lease agreement for 2,100 sqm of space at the AFI Office House in Warsaw. The transaction represents the company’s debut contract in Poland, positioning the operator within the first office building of the city’s upcoming Towarowa22 regeneration development. Savills acted as the deal broker.

New appointments

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  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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