Futureal tops out final phases of Budapest office project

27
May
2021
News - Futureal tops out final phases of Budapest office project #Budapest #construction #development #Futureal #Hungary #office

by Property Forum | Office

Futureal’s Budapest One office park has achieved another major milestone in its development, as the second and third phases of the complex have reached their highest point. Budapest One will house both Vodafone's new headquarters and BT's regional service centre.


Following the completion of the 25,000 sqm first phase handed over in early 2020, the two projects, developed simultaneously, will realise another 40,000 sqm of office space, nearly 3,500 sqm of commercial and service space, and almost 2,500 sqm of green space. The tenants can move to the two new phases in the second half of 2022.  

“Once it is completed, Budapest One office park will expand the capital's office market with a total of more than 65,000 sqm of leasable area. Based on our experience, tenants would like to get back to normal operation as soon as possible. However, due to the coronavirus epidemic, the expectations of the employees have changed, therefore companies must focus on spaces that encourage creativity, collaboration and provide a comfortable, healthy and safe environment. As a result, there is still a strong market demand for office buildings that provide high-quality and human-centred solutions,” emphasized Tibor Tatár, CEO of Futureal.

"I am very pleased that all the walls of BT's future office are already in place," said Péter Győri, BT's country host. “The completed building is going to meet the 21st-century expectations raised by a modern, wellbeing-focused company and its colleagues today. I am sure that the office represents the highest standard, both technologically and in terms of construction, exactly what we want BT's headquarters in Hungary to be.”

Regarding the design of Vodafone's new headquarters, Zsuzsanna Tóth, Deputy Chief HR Officer at Vodafone said: “When choosing our new headquarters, we were looking for a building that is modern, therefore it corresponds to today's architectural solutions, and it also properly represents Vodafone as an innovator in information technology and telecommunications. Budapest One meets all aspects set by us, so there was no question that we wanted to create the workplace of the future here: a workplace that provides our colleagues with an inspiring environment that supports both their mental and physical well-being. It was also an important aspect that we should be able to demonstrate our latest, most innovative technologies in our new headquarters. In the coming months, we will be working with our colleagues and partners to create the most suitable office environment for the employment of the future.”

In addition to the BREEAM green building sustainability rating system, the office park designed by Paulinyi & Partners architecture studio was one of the first in Hungary to obtain the international WELL Building Platinum pre-qualification, which recognizes aspects that have a positive impact on employee health and well-being. In response to market needs, Futureal has launched its Stay Safe initiative. Under the program, new health protection regulations and technological solutions are applied during the development of Budapest One. At the top of the entire building complex, a nearly 500-meter, panoramic tartan running track will also be available to workers. In the new underground garage, not only electric cars but also electric bicycles and e-scooters can be charged.




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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