Futureal launches Budapest tower project

Office Market

Real estate developer Futureal has launched a new office investment in Budapest with the Austrian Akron Group, the company said in a press release.

The ambition of the investors with the Office Park of Őrmező is to reshape the silhouette of South Buda by developing a compelling office park in the largest multimodal node of Hungary, Futureal said.

 “We are looking to developing such a business park at the western gate of Budapest whose planned high buildings can be easily identified even from larger distances. We would like to see our plans put forward for discussion, debate, including the materials in connection with a 150-meter high building that we have designed with the involvement of the winning architect of the city development competition and an English designer. This compelling, multi-tower building will potentially serve as headquarters for any large company since coming from the west the buildings will have the first impression about Budapest. We think the capital definitely needs such dominant buildings,” said Gábor Futó, Chief Executive of Futureal Group.

The construction of the new office park will be commenced in the spring next year, and it will be built in several phases. The opening of the first phase is foreseen to take place in the autumn of 2010.

Within the framework of the property development to be implemented, an office park of 4–6 tower buildings with sharply drawn features will be constructed in several phases. In each phase, approximately 15,000–35,000 square meters will be completed, which altogether means nearly 100,000 square meters of rentable office space on the aggregate. The offices are planned to be added with underground parking places for 1,000–1,500 cars.  At the present, the property development is in the phase of concept planning. (press release)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.