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Futureal sets up venture capital business

By the end of 2009, real estate developer Futureal is to enact structural changes that involve more clearly separating its property and capital investment activities, the company said.

The investment business currently running under the name Futureal will continue in a different organization structure under the name Finext while the name Futureal will be exclusively associated with real estate investment, said Gábor Futó, CEO of the Futureal Group and president of the board of directors of the Finext Group.

The goal of Finext Startup is to facilitate the development of domestic ventures with capital, infrastructure, R&D networks, business contacts and services while offering outstanding risk-adjusted earnings to its investors, said Péter Fodor, senior partner of Finext Startup Venture Capital Co. (press release)