„Futureal Group has become a significant player in the European real estate market. We now operate as a diversified development and investment group with several sector-focused platforms working together in synergy.
We have grown 150 times in less than two decades and have a team of over 500 professionals — many of us have been working at Futureal Group for 15 years or more. We have gained market-leading experience in multi-decade, large-scale mixed-use urban development projects, residential, retail, office, industrial and logistics developments and investments.
We are grateful for a fantastic team that has made many dreams a reality. We are thankful for the great partners that we have had during our journey, and we also feel responsible for the environment that we help shape. Our principles of integrity, creativity, perseverance and team spirit have guided us. We take pride in our 2 million sqm of completed and ongoing projects. We are excited to deliver on another 2 million-sqm projects in our secured pipeline, with a total value of more than EUR 6 billion.”
Co-founder & Shareholder, Futureal
The Futureal Group consists of 3 primary, fully-separated businesses:
The Futureal Holding B.V. focuses on income-producing real estate, organised under three business lines:
A corporation focusing on residential developments in Hungary, Poland, the United Kingdom, Spain and Romania and residential investments in the United Kingdom and Germany.
Our alternative asset management platform administers real estate funds, endowment style funds, a fund of hedge funds, and venture capital and private equity portfolios, as well as other credit investments.
Futureal Holding BV has become one of Europe’s leading diversified commercial and office real estate developers and investors. We have nearly two decades of experience in outstanding large-scale office, retail and mixed-use projects, logistics and industrial developments and investments, satisfying the real estate needs of several Fortune 500 companies, creating new urban spaces, and transforming entire neighbourhoods.
Our success is driven by our exceptional team of over 200 professionals, many of who have worked here for over 15 years. We have a minimal staff turnover and always adhere to our core values of integrity, creativity, perseverance and team spirit.
Our track record includes over 50 primary office, retail, urban mixed-use and logistics and industrial projects with a total floor space of over 1 million sqm and a total value exceeding EUR 2 billion. We work closely with our joint venture partners, institutional investors, banks and municipalities and place tremendous value in great partnerships.
Futureal Holding BV holds a unique portfolio of irreplaceable core assets on its balance sheet, delivering solid and growing cash flows. Most of our standing assets are located in individual, mixed-use urban hubs, created by us, and feature excellent locations, outstanding service environments and transportation connections.
We have lived through cycles and crises — but will not sacrifice stability for growth. We maintain a strong and stable balance sheet with medium leverage, ample liquidity reserves, a long debt maturity schedule, and predominantly non-recourse property-level debt.
“Its vast experience, expertise, innovation and creativity have made Futureal Development a market leader in high-quality project development. We have become one of Central Europe’s dominant retail and office real estate developers, with completed projects covering 500,000 sqm of GLA [gross leasable area] with a total value of over EUR 1.6 billion.”
Futureal is one of the few European development groups with extensive experience implementing large-scale mixed-use urban regeneration projects, transforming entire neighbourhoods. We have worked on decades-long projects in close cooperation with cities.
Budapest provides very little direct access to its main attraction, the Danube River. The Váci Road office corridor lacks services, public spaces and natural surroundings, great views and vibrant life. All this will change with Marina City, our large-scale mixed-use project that enjoys a unique 1.2-kilometre-long Danube waterfront promenade and park, uninterrupted views of the river and the Buda Hills, a full range of retail services, and direct access to the metro station.
In the last decade, we have become the market-leading office developer in Hungary, delivering award-winning, high-quality, sustainable, human-centred offices to our tenants.
Majestically curving over Hungary’s most prominent public transportation junction, surrounded by an outstanding retail and service environment and offering breathtaking views and visibility, this 65,000 sqm, the people-centred and sustainable complex is the largest office complex in Buda. It boasts outstanding multinational tenants, including Vodafone, BT, Oracle, Roche, Aldi, Infosys and Estée Lauder.
Both our state-of-the-art office buildings and the mixed-use environments meet the highest requirements of our tenants and help them attract and retain talent.
Located at CEE’s most significant mixed-use urban regeneration project in the heart of Budapest, the new IBM headquarters in the office complex enjoys the unique service environment, central location and outstanding accessibility of the ULI award-winning Corvin Promenade project, which was awarded the Best Mixed-Use Project in Europe.
With four large-scale ground-up shopping centre developments completed, three major retail redevelopment projects and the creation of a new high street, Futureal has gained deep and vast market-leading expertise in retail developments and redevelopments. Our sustainable, bustling, and innovative retail destinations energise neighbourhoods across CEE.
Buda’s largest shopping and entertainment centre, located at the country’s top transportation junction, is Hungary’s first smart plaza and features outstanding architectural and interior design solutions – a unique retail mix.
“We have launched HelloParks intending to become a dominant industrial and logistics developer, initially in Hungary. During our first 1.5 years of operation, we have gathered a market-leading team of 50 professionals and a 1 million sqm GLA in the pipeline, attracting leading tenants to our first two 45,000 sqm big box buildings delivered in a record six months.”
Our expert team provides complex client-oriented solutions, from site development and building construction to facility maintenance. Our state-of-the-art industrial property developments fulfill all modern warehousing requirements and contribute to the efficiency and success of our tenants.
Sustainability is a top priority for us. That is the reason our first building (HelloParks Maglód MG1) was the first industrial and logistics building in Hungary to achieve BREEAM New Construction Excellent certification at the design stage.
330,000 sqm innovative warehouse and industrial area in a 76-hectare megapark in the northern agglomeration of Budapest.
A 46-hectare modern industrial and logistics centre close to the Budapest International Airport, in the eastern agglomeration of Budapest with a future total floor space of more than 200,000 sqm.
One of Hungary’s largest megaparks in the western agglomeration of Budapest, with a total of 400,000 sqm warehouse and industrial area on a site of more than 100 hectares.
“We are focusing on value-added and opportunistic investments across Europe, intending to deliver sustainable buildings and exceptional financial results to our investors.”
We strive to become the partner of choice for international investors, building on our team’s unique expertise and supported by the expansive industry knowledge base, reputation, and experience of Futureal Group.
An 11-storey, glass-clad mix-use building located in the centre of Wroclaw, one of the largest cities in Poland, with 12,000 sqm of office and service space, including a cinema, and fitness centre.
A 30,345-sqm shopping centre in Warsaw with 120 shops and 944 parking spaces, anchored by a Carrefour hypermarket, Rossmann and RTV Euro AGD.
The 25,570-sqm shopping centre is located in the Wrzeszcz area of Gdansk with 120 shops and a 360-space car park, anchored by the Eurospar supermarket, Sinsay, Rossmann and Pepco.
“Cordia International Zrt. has become a leading, diversified residential developer and investor in Europe with numerous projects and strong and seasoned local teams in Hungary, Poland, the United Kingdom, Spain, and Romania.”
Our flagship project, Corvin Promenade, is the largest urban renewal project in Central and Eastern Europe. The project has renovated 22 hectares of land, with 2,700 new apartments, 100,000 sqm of office space and 50,000 sqm of commercial real estate.
Cordia has completed over 50 residential development projects, more than 20 projects are under construction, and the company has a further development pipeline of over 10,000 apartments.
At the heart of our success is our team of over 300 top professionals, many of who have been with us for over a decade. We rely on our core values of integrity, creativity, perseverance, and team spirit.
Cordia has a spotless reputation spanning two decades, a history of delivering on its promises and no defaults ever on any undertaking, even during the great financial crises. Cordia is highly diversified across geographies as well as product types.
“Cordia has been the market-leading residential developer in Hungary for almost two decades and is the best-known and most reputable residential development brand in the country. We are grateful for the trust that over 50 institutional investors (pension funds, banks, insurance companies, and funds) have placed in us, providing us with HUF 84 billion (approximately EUR 220 million) of long-term bond financing.”
Grand Corvin is located in the iconic and completely renewed Corvin Quarter in the international award-winning Corvin Promenade, Central Europe’s largest city centre regeneration project. It is the last residential complex to be built along the promenade, with a total of 558 apartments in two phases.
“Since Cordia’s 2014 entry into Poland, we have organically grown, and built strong, full-service local development teams in Warsaw, Kraków, Tricity (Gdansk, Sopot, Gdynia) and Poznan.”
The continuation of the Wilanów project, our new development, will include over 2,000 for sale and rental apartments in Warsaw. This large-scale urban regeneration project, located in a recently developed and incredibly popular residential area in the district of Wilanów, mixes residential and commercial functions, green parks, community areas and recreational facilities.
“The United Kingdom is a key target market for Cordia International’s expansion. With several residential developments underway here in Birmingham, we continue to build on Cordia’s legacy and provide an invaluable contribution to the new homes market while investing in the affordable housing sector.”
Cordia entered the UK market by acquiring Cordia UK Property in 2020. Cordia UK has a GBP 550-million project pipeline across the West Midlands and is currently planning to build over 2,500 homes in the United Kingdom.
Contemporary rental development reflecting the architectural heritage and context of Birmingham’s historic Jewellery Quarter with a contemporary approach. The development will contain 148 apartments with one to three bedrooms, a large reception and residential amenities and commercial spaces.
“We have launched our first Spanish developments in Fuengirola in the Costa del Sol, where 116 luxury apartments are under construction. We are also looking for opportunities to develop our Spanish operations further.”
Jade Tower is located in the middle of Costa del Sol and houses 116 luxury apartments and penthouses. It is situated just 100m from the sea and is walking distance from Fuengirola’s town centre. The residential complex features exceptional amenities, a private spa, an indoor and outdoor pool, a gym, a cinema room, a gastro bar, a shared office, and a fitness studio.
“We aim to develop 500 apartments annually and to become the leader of the medium-high segment of the Romanian residential market in the medium term.”
In Romania, we are currently building the 469-home Parcului20. The first phase, comprising 260 energy-efficient and sustainable apartments, has already been completed. Our owned and optioned land plots in Bucharest allow for the development of another 2,000 homes.
Parcului20 is among Romania’s first smart residential projects: All of its apartments are equipped with integrated state-of-the-art smart home systems. Cordia Romania develops sustainable and energy-efficient residential projects on land plots with good connections to public transportation and road infrastructure and easy access to parks and relaxation and leisure activities.
“Our investment strategy is complementary in nature to our development activities and allows us to benefit from strong rental market fundamentals. Our investments include stakes in other residential platforms, including ARGO Properties N.V., a listed residential investor in Germany, and Auxesia Homes and St. Arthur Homes, two registered providers operating in the United Kingdom and offering affordable rental, and shared-ownership properties.”
Cordia entered the German rental housing market through its investment in ARGO Properties N. ARGO’s shares were listed on the Tel Aviv Stock Exchange in spring 2021, and Cordia currently holds a 15%+ stake.
An essential step in our international expansion was our investment in the UK company Auxesia Homes in collaboration with our local strategic partner Matter Real Estate. Auxesia, a registered affordable housing provider, and provides affordable homes for public sector workers under the governance of the RSH. With this investment, we will help contribute to the future development of many new homes.
Also, in partnership with Matter Real Estate, we invested in St. Arthur Homes, which is also regulated by the Regulator of Social Housing (RSH). Based in London, St. Arthur works to help those in the housing market who need help finding affordable housing by buying and managing shared-ownership homes.
While Cordia is primarily known as a developer, the group has also been increasingly active as an investor in the international residential real estate rental sector, including the creation of build-to-rent properties.
Explore the operating results and public disclosures of Futureal Holding B.V. and Cordia International Zrt.
Sustainability plays a defining role in our activities, focusing on reducing greenhouse gas emissions, improving energy savings and targeting carbon neutrality. In addition to protecting the environment, we are also committed to preserving mental and physical health and social responsibility.