Futureal Starts Construction of Corvin Innovation Campus

Office Market

Futureal Group has launched construction of the Corvin Innovation Campus, its latest office project at Corvin Promenade. The complex, equipped with contactless technology, will offer around 30,000 sqm of space.

Corvin Innovation Campus by Futureal.

Developers are reporting that office projects are going ahead despite the perceived difficulties of constructing and developing in line with predetermined time schedules in the COVID-19 emergency. Atenor, for example, has also recently announced the completion of Building “A” at Aréna Business Campus, which has received the occupancy permit. The handover of the 21,000 sqm office building has met the deadline of the original schedule according to Atenor.

Corvin Innovation Campus is located in the south of the Corvin Quarter urban regeneration project, and Futureal have been seeking ways of extending the office component of the development. The first phase of the complex will provide 15,800 sqm and is expected to be handed over in the fall of 2022, while the second, 13,800 sqm phase will consist of 13,800 sqm. The complex will be surrounded by green public space and widened roads as part of the development.

“Corvin Innovation Campus has been designed to meet the tenants’ requirements, shaped by the current global health issue. It has been developed and will be operated according to the BREEAM ‘Excellent’ and WELL ‘Platinum’ certification system to ensure it has a positive impact on the well-being and health of the people that work there,” says Futureal.

The developer is committed to developing its office projects to the WELL standard in addition to BREEAM. The WELL system was introduced in order to improve office interiors and thus the health and wellbeing of staff, as well as productivity. Elements related to combatting the coronavirus are now being incorporated into the system.

Stay Safe

The building, designed by Radius B+S architectural studio, is being developed under Futureal’s “Stay Safe” initiative, designed to respond to changing market demand due to the epidemic.

Based on WELL’s strict health standards and experience, the program Futureal is introducing adds new internal security standards and additional technological solutions. As part of the Stay Safe initiative, common areas at Corvin Innovation Campus will become almost completely contactless and automatic doors and light switches with card sensors, as well as safe distance signs will be set in the building. The elevators can be controlled with a mobile app and toilets will also be equipped with contactless rinsing, hand washing and soap dispensers.

The office complex is located in a green area and from the main lobby there is a direct access to a 3,000 sqm inner garden functioning as a social space for employees. Further, an increased number of bicycle storage spaces as well as shower and locker facilities will also be available. As is now the expectation in the Budapest office market, the project provides direct access to service and leisure amenities in addition to direct road and public transport connections.

The Corvin Promenade urban regeneration project has won the European Commercial Property Award for the Best Mixed-use Development of Europe and FIABCI Hungary Real Estate Development Award. In 2014, the project received the Urban Land Institute’s Global Award for Excellence.

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