The initial 14,000 sqm phase of the Corvin 5 office complex by Futureal is set to become the first building in Hungary, and only the second in Europe, to receive International WELL Building Institute (IWBI) “Platinum” pre-certification, the highest accreditation possible, according to the developers. The EUR 90 million project is expected to be handed over by the end of 2018.
The accreditation reflects the increasing concern with the health and well-being of staff from the perspective of developers in response to changing demands from tenants and employees; Futureal, Skanska and HB Reavis are all committed to developing WELL accredited office projects in Budapest.
The WELL system has been developed by LEED as a counterpart to its third-party sustainability accreditation system. WELL looks at issues such as thermal comfort, natural lighting, biophilia and indoor air quality as the system provides the guidelines and a benchmark for the creation of healthy conditions in office interiors.
The 27,000 sqm Corvin 5 is located in the Corvin Promenade urban regeneration project, adjacent to the recently completed Nokia Skypark office building. The first phase has also been awarded BREEAM “Very Good” certification. A second 12,800 sqm phase is due to be handed over six-months after the first. With the new complex, the total GLA of the Corvin offices will reach 100,000 sqm.
“Futureal Group has committed to developing all of its future office buildings according to WELL Building standards. We attended the Greenbuild 2017 conference in the United States and met with the founders of the WELL standard system to talk about further ideas and the introduction of the WELL system to the Hungarian market,” said Gábor Radványi, chief architect at Futureal.
The company is also developing the 27,000 sqm first phase of the Budapest One business park, adjacent to the terminus of the Metro 4 line, which is part of the redevelopment of a road, metro and rail transport hub. The complex will also be WELL and BREEAM certified.
In the Váci út corridor, the company is constructing the speculative Advance Tower that is scheduled to deliver another 12,000 sqm of BREEAM and WELL accredited space in the second half of 2018. Reflecting the high level of market demand and lettings concluded at the development, a second 7,500 sqm phase is scheduled to deliver by the end of 2019.