ARTICLES LABELLED WITH TAG Futureal

12
Dec
2018

Sonae Sierra becomes sole owner of Bucharest shopping centre

by Property Forum
Portuguese group Sonae Sierra announced that it purchased the 50% stake held by its former Joint Venture partner Caelum Development in Bucharest’s ParkLake shopping centre with the intention of consolidating its presence in Romania.
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03
Dec
2018

Futureal sells Budapest office portfolio to OTP Group

by Property Forum
Futureal Group has sold its portfolio of Corvin office buildings to real estate funds managed by OTP Real Estate Investment Fund Management. The recently closed transaction involves all of the operating office buildings built as part of Corvin Promenade, as well as two currently being constructed. The total of eight Class A buildings offer a combined GLA of nearly 80,000 square meters.
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26
Nov
2018

Futureal sells €19 million stake in Bucharest shopping centre

by Property Forum
Futureal Group has exited its €19 million mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania. The 70,000 sqm GLA project was developed by a joint venture between Sonae Sierra and Caelum Development. Futureal Group will intensify its activity in Romania through its residential investments subsidiary, Cordia. The company has recently announced a €50 million worth of investment plan in Bucharest for the next year, part of a long-term roadmap for the local market. Cordia division plans to deliver about 500 apartments per year, designed for medium and medium high segments.
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07
Nov
2018

Futureal lays foundation stone of Buda’s largest shopping centre

by Property Forum
Futureal Group celebrated the launch of its €300 million Etele Plaza’s construction with a foundation stone laying ceremony. Buda's biggest shopping centre is a key element of the group’s property development projects s in Budapest’s 11th district.
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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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15
Oct
2018

Futureal is building the first digital shopping centre of Budapest

by Ákos Budai
One of the most active commercial property developers of Budapest is expanding its portfolio. In addition to several office projects, it started the Hungarian capital’s first retail development in nearly a decade. Tibor Tatár, Futureal’s CEO talked to Property Forum about new projects and the challenges a developer needs to face.
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19
Sep
2018

Futureal, UniCredit and Erste Group sign loan agreement in Budapest

by Property Forum
Futureal Group signed a loan agreement for €150 million (roughly HUF 48 billion) with a consortium led by UniCredit acting as Bookrunner and Facility Agent. UniCredit and Erste Group will finance Buda's biggest shopping centre with equal parts, marking one of the largest shopping centre-related financings in Hungary over the past ten years. The construction of Etele Plaza, with a gross area of 137,000 square meters, is already underway.
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16
May
2018

Futureal starts construction of Budapest shopping centre

by Property Forum
The construction works of Etele Plaza has begun next to the Kelenföld railway station at the western gate of Budapest. As Futureal Group’s latest commercial development, the shopping and entertainment centre with a gross building area of 155,000 square meters will be the biggest of its kind on the Buda side of the city. The mall, combining unique architectural solutions and digital services will feature more fashion brands in one place than any other shopping centre in Hungary.
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09
May
2018

Futureal develops its largest office project in Budapest

by Property Forum
Futureal Group is developing its biggest office project in Budapest, next to Hungary’s largest multimodal transportation hub. Budapest ONE Business Park will expand the capital’s office market with more than 65,000 square meters of GLA. The first phase of the WELL Building Platinum pre-certified complex designed as a ribbon building will be handed over in H2 2019.
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13
Apr
2018

Futureal Group launches Advance Tower II in Budapest

by Property Forum
Futureal Group has started the construction of the second phase of its Advance Tower office building located at the Váci office corridor in Budapest, Hungary. The expansion of the office complex will offer an additional 8,000 square meters of GLA. Advance Tower’s second phase receiving the international WELL Building Platinum Precertification is expected to be handed over in the second half of 2019.
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Latest news


New leases

  • Almost 5 000 sqm of office space in Skyliner, Karimpol`s investment in Warsaw will be occupied by new tenants – DXC Technology and Luxoft. Both companies are operating in the field of IT services.
  • IT company Precisely has 1,000 sqm with 90 workspaces on the third floor of Cavatina Hall A in Bielsko-Biała. Knight Frank advised the tenant during the negotiations.
  • Brain Park, an office complex developed by Echo Investment will become the new headquarters of PepsiCo GBS Kraków. The tenant will occupy over 5,000 sqm and start operating in the new office in the fourth quarter of 2022.

New appointments

  • Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
  • Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
  • Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.


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