2nd Phase of Corvin Innovation Campus Structurally Complete

Office Market

The second phase of the almost completely contactless Corvin Innovation Campus office building has reached its highest point, according to a press release sent to the Budapest Business Journal.

The second part of the complex provides 14,310 sqm of office space, and it has been developed according to the energy-cost-sensitive tenants' needs.

Corvin Innovation Campus will also function as an extension of Corvin Promenade. It will also offer energy-efficient, people-centered solutions, and a spacious park for future tenants, according to the press release.

This spring the developer Futureal and Unicredit Bank signed a loan agreement for a total of EUR 80 million to finance the project. The 16,650 sqm first phase of the nine-story office complex is expected to be completed by the end of 2022.

Despite the pandemic, the first part of the building has been almost fully occupied, and the first tenants will be able to move in early next year. The second phase is expected to be handed over at the end of 2023. 

Energy prices have risen more than tenfold in Hungary, making it a key factor for companies' operations. Meanwhile, rising residential energy costs could accelerate the return of office workers, Futureal experts predict.

Corvin Innovation Campus has already been equipped with advanced solutions that could be a benefit for the increasingly energy-cost-sensitive tenants. The building located at the intersection of Szigony utca, Tömő utca, Apáthy István utca and Balassa utca is being developed in line with Breeam sustainability standards. The complex will feature solar panels and a low-carbon smart parking system. At least 10% of the parking spaces will be equipped with electric chargers.

Corvin Innovation Campus is designed to meet the demands of the digital age, while it puts a strong focus on sustainability and people-centred environment based on Well Building requirements. The pet-friendly building located in the vicinity of the metro station is quickly accessible by public transport. The office building will have an increased number of bike storage facilities, separate showers and lockers, a café and a restaurant for the convenience of employees and guests.

"Energy-efficient technologies and operational solutions as well as alternative energy use have a significant role in minimising cost. Futureal has been realizing its developments in line with Breeam, the highest level of sustainability requirements over many years. As a result, the intelligent building management system that ensures the optimal operation of the mechanical and electrical systems, as well as the low-carbon and energy-efficient heating and cooling systems are now fully standard in Corvin Innovation Campus," said László Balassa, project director of Corvin Innovation Campus.

As part of Futureal's Stay Safe initiative common areas at Corvin Innovation Campus will become almost completely contactless. Automatic doors and light switches with card sensors, as well as safe distance signs will be set in the building. Based on their decision during check-in, the above-average size elevators will take employees and visitors to the right floor without touching a button, the toilets will also be equipped with contactless rinsing, hand washing, and soap dispensers. 

At the main entrance of the Corvin Innovation Campus, Futureal is realizing a memorial park, which will be named after the famous Hungarian actress Irén Psota, who was once born in Tömő utca. The park will also be filled with trees, benches made of tropical wood and community functions.

 

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