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DTZ, GVA to rent office space in Corvin Promenade

Property developer Futureal Group has signed an exclusive contract with DTZ Hungary Kft and GVA Hungary Kft to rent space in the first offices it is building in the Corvin Promenade, a rehabilitation project in Budapest's District 8, Futureal announced on Wednesday.

Work at the site of the 17,500-square-meter office building started in October 2006 and is expected to be completed by December 2007. The general contractor for the building is Swietelsky Kft. Futureal plans to build a combined 150,000 square meters of office space in the Corvin Promenade worth a combined €350 million at current prices by 2012.