ARTICLES LABELLED WITH TAG Cordia

24
Mar
2020

Futureal to donate €700,000 to fight against COVID-19

by Property Forum
Hungary-based developers Futureal Group and Cordia have decided to donate €700,000 (HUF 250 million) to the fight against COVID-19. The directors of the company will decide on the usage of the funds shortly,
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20
Feb
2020

Cordia aims to buy remaining stake in Polnord

by Property Forum
Cordia International announced a public tender offer on 14 February 2020 to buy the remaining approximately 34.34% of the shares in Polnord S.A., which is not owned by Cordia International currently.
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12
Feb
2020

Cordia finalises purchase of a majority stake in Polnord

by Property Forum
Cordia has successfully acquired 63.7 million shares of Polnord, one of the largest development companies in Poland. Transaction worth €31.7 million provided the Hungarian founded developer with a control stock of shares exceeding 65% in the increased capital.
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08
Nov
2019

Cordia conducts over €133 million bond issue

by Property Forum
Hungarian residential developer Cordia  has carried out a successful bond issue on 5 November (Cordia 2026/I). The financial settlement date is 7 November 2019, the maturity is 7 November 2026. The offered volume was HUF 40 billion at face value which attracted HUF 53.55 billion in bids. The amount of funds raised is HUF 44.4 billion.
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10
Oct
2019

Cordia plans further expansion in Poland

by Property Forum
Cordia continues to expand in Poland: after Warsaw, Krakow and Gdansk, Hungary’s leading apartment developer has entered the market of Sopot, the seaside resort as well, planning to build on the street named after the Polish-Hungarian Friendship Day. With this, the company – having already completed more than 1000 apartments – plans to build some 2600 additional homes across 17 projects in the promising market of the four Polish cities over the following four years.
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19
Sep
2019

Cordia plans further expansion in CEE

by Property Forum
Cordia is now increasing its capital exports and foreign investments. In addition to the Romanian and Polish market, the company also has presence in Spain with a pilot project. All of this fits into Cordia’s strategy to become a dominant property developer at European level, while maintaining Hungary's key role in the company’s operation.
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16
Sep
2019

Cordia builds high-rise building in Warsaw

by Property Forum
Cordia, a major player in the Hungarian market owning numerous property developments in Romania and in three Polish cities, has started construction of its tallest residential property ever in Warsaw. Being built on the shore of Vistula river, the 164-apartment premium-class building offers easy access to any part of the Polish capital.
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02
May
2019

Cordia concludes loan agreements worth €87 million

by Property Forum
Following the financing agreements worth €51 million announced in January, Hungarian residential property developer, Cordia has signed further loan agreements worth €86.6 million. Futureal Group’s subsidiary has concluded the recent contracts with OTP Bank, Takarék Group and Sberbank in order to finance its 5 residential property projects in Budapest.
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01
Nov
2018

Cordia to invest €50 million in Romanian projects next year

by Property Forum
Cordia Romania, the residential division of Hungary’s Futureal Group, plans to invest €50 million in new projects million next year. The company aims to deliver about 500 apartments per year on the Bucharest residential market, designed for the medium and medium-high segments.
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18
Jul
2017

Cordia buys Bucharest plots for residential development

by Property Forum
Following the expansion in Budapest, Krakow and Warsaw, Cordia has re-entered the Romanian capital with a 400 apartment development. Futureal Group’s residential subsidiary acquired 13 plots with a total area of 15,336 sqm in Bucharest where the project will be developed.
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Latest news


New leases

  • Sinsay, part of the LPP group, has opened its largest store in the Czech Republic in Ostrava Retail Park with the help of CBRE.
  • COS – Corporate Office Solutions Romania leased 4,000 sqm in Miro Office Bucharest, developed by Speedwell. A co-working space will be organised in the newly rented space.
  • 108 Agency Slovakia has secured the lease of 510 sqm for our client Goldman Systems. Their new premises will take place in River Park Bratislava.

New appointments

  • Michał Baranowski joined the tenant representation team at the Office Agency of BNP Paribas Real Estate Poland. Michał has over 15 years of experience working for some of the largest Polish and international office furniture manufacturers.
  • Alexander Rafajlovič has joined CA Immo as Head of Market Research & Data Analytics. Based in Prague, he and his team will be responsible for coordinating, structuring, and analyzing all macro and market-related data across the region, as well as tracking, analysing and interpreting trends affecting CA Immo’s business, both for future investment and development opportunities, as well as the existing portfolio. He previously worked as Partner in Cushman & Wakefield’s CEE Capital Markets team.
  • Tomasz Czuba has joined the Management Board of JLL Poland and has been appointed Head of Office Agency and Tenant Representation.


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