Futureal to realise Hungary's first WELL certified office building

02
Mar
2017
News - Futureal to realise Hungary's first WELL certified office building #Budapest #development #Futureal #Hungary #office

by Ákos Budai | Office

Futureal Group’s Advance Tower is getting closer to becoming the first office building in Hungary obtaining the Well Building Standard (WELL) certification. The International Well Building Institute’s system examines buildings’ impact on human body, health and environment and rates them based on 7 categories – air, water, nourishment, light, fitness, comfort and mind. The pre-qualification process of Advance Tower that will be built on Váci Road has already started. All further office projects of Futureal Group will be realized in line with the requirements of the Well Building international standard. 


Air pollution contributes to 7 million premature deaths worldwide but physical inactivity is similarly dangerous. Most of the office workers performing sedentary jobs obtain only 6-10 minutes of moderate-intensity physical activity a day instead of the recommended daily 30-minute minimum of moderate-intensity physical activity. According to the research of the World Health Organization (WHO), 2.7 million deaths worldwide can be attributed to insufficient fruit and vegetable intake, making this problem one of the top 10 risk factors that contributes to global mortality.

For modern buildings that contribute to the effectiveness of employees, besides the environmental considerations and energy requirements, it is of great importance that the office has a positive effect on employees’ health as well. Developers need to take the required factors into account during planning. The Well Building Standard (WELL) rates and acknowledges these aspects and thus helps creating office buildings that have a beneficial impact on employees’ health, well-being and comfort, besides the environmental protection.
 
Advance Tower, located on the Váci Road corridor, will be the first among Futureal Group’s Hungarian projects that has been be designed to meet the Well Building Standard’s requirements. The building’s pre-qualification for the WELL certification is already in progress. Futureal Group will keep the Well Building Standard’s requirements in mind during its forthcoming office development projects including Corvin 5 as well as Budapest ONE Business Park. 
 
The 6-storey, Class A building, located in district 13, also acquired a BREEAM certification. Advance Tower bears 11,900 square meters of gross leasable area (GLA) and will be realized through an investment that has a total value of €36 million (HUF11,2 billion).   



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • 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.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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