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Futureal Starts Construction of Final Planned Office Phase at Corvin Promenade

Office Market

Futureal Group has started the development of the final office complex on Corvin Promenade. Corvin7, developed in two phases, will deliver around 30,000 sqm of office space at the southern extension of Corvin Promenade.

Corvin 7 by Futureal.

“Corvin7 is going to be a key milestone in the success story of Corvin Promenade. This is the last chance for tenants to move into the brand new, state-of-the-art office complex right next to one of Budapest’s most iconic and ground-breaking public areas,” said Gábor Futó, founder of Futureal Group.  

The new complex will be surrounded by a dimensional “veil” that divides the facades with an horizontal ledge system, while its dynamic lamella system will give the complex a playful presence Futureal says in its sales blurb.

Corvin7 has been designed and will be operated according to BREEAM and WELL Building third-party certification systems as is Futureal’s policy for all its office developments.

The complex will include a 3,000 sqm internal garden functioning as a social space for employees. Internal green spaces, balconies and roof terraces will be included on the different floors and the complex will include a meditation area, bicycle storage and changing rooms.

Park Completion

The last completion at Corvin Promenade was the first 14,000 sqm phase of the 27,300 sqm Corvin Technology Park, the second phase of which is due to be completed by the end of the year.

This BREEAM “Very Good” accredited and WELL pre-certified building also includes an inner garden on the ground floor and a rooftop terrace. As with other office buildings at Corvin Promenade, Futureal Group has sold the complex to the OTP Prime Real Estate Investment Fund.

Funds managed by OTP Real Estate Investment Fund Management now own almost 100,000 sqm of office space at Corvin.

The Promenade is an internationally recognized development project, having won the European Commercial Property Award for the Best Mixed-Use Development of Europe and a FIABCI Hungary Real Estate Development Award. In 2014, the project received the Urban Land Institute’s Global Award for Excellence.

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