„Futureal Group has grown into a major 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 an amazing team that has turned so many dreams into 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. We have been guided by our principles of integrity, creativity, perseverance and team spirit. We take pride in our 2 million sqm of completed and ongoing projects, and are excited to deliver on another 2 million sqm projects in our secured pipeline, with a total value of more than EUR 6 billion euros.”
Co-founder & co-owner, 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, UK, Spain and Romania, as well as residential investments in the UK and Germany.
Our alternative asset management platform managing 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 B.V. has grown to become one of the leading diversified commercial and office real estate developers and investors in Europe. We have nearly two decades of experience in outstanding large-scale office, retail and mixed-use projects, as well as 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 whom have been working here for 15 years or more. 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 major 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 B.V. 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 unique, mixed-use urban hubs that are created by us and feature excellent locations, outstanding service environments and transportation connections.
We have lived through cycles and crises and will not sacrifice stability for growth. We maintain a strong and stable balance sheet with medium leverage and ample liquidity reserves, as well as 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 with a total value in excess of EUR 1.6 billion.”
Futureal is one of the very few European development groups with extensive experience in implementing large-scale mixed-use urban regeneration projects that transform 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. The Váci Road office corridor currently has a lack of 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 an absolutely unique 1.2 km 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 largest public transportation junction, surrounded by an outstanding retail and service environment and offering breathtaking views and visibility, this 65,000 sqm, people-centred and sustainable complex is the largest office complex in Buda, boasting outstanding multinational tenants, including Vodafone, BT, Oracle, Roche, Aldi, Infosys and Estee Lauder.
Both our state-of-the-art office buildings and the mixed-use environments we create meet the highest requirements of our tenants and help them attract and retain talent.
Located at CEE’s largest 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 with a view to becoming 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 fulfil 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 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.
„Futureal Investment Partners is an independent real estate investment and asset management business focusing on value-add and opportunistic investments across Europe, with a view to delivering sustainable buildings and exceptional financial results to our investors.”
We strive to become the partner of choice for international investors, building on the unique expertise of our team and supported by the expansive industry knowledge base, reputation and experience of Futureal Group.
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.
30,345 sqm shopping centre in Warsaw with 120 shops and 944 parking spaces, anchored by a Carrefour hypermarket, Rossmann and RTV Euro AGD.
25,570 sqm shopping centre 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, UK, Spain and Romania.”
Our flagship project, Corvin Promenade, is the largest urban renewal project in Central and Eastern Europe. The project has seen the renovation of a total of 22 hectares of land, with 2,700 new apartments, 100,000 m2 of office space and 50,000 m2 of commercial real estate.
Cordia has successfully completed over 50 residential development projects, over 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 whom have been with us for over a decade. We are built 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, funds) have placed in us, providing us with HUF 84 bn (~220 million Eur) of long-term bond financing.”
Grand Corvin is located on the international award-winning Corvin Promenade, Central Europe’s largest city centre regeneration project, in the iconic and completely renewed Corvin Quarter. 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 UK is a key target market for Cordia’s international expansion, which is why we acquired Blackswan and invested in the affordable housing sector.”
Cordia entered the UK market by acquiring Blackswan Property in 2020. Cordia Blackswan has a GBP 550 million project pipeline across the West Midlands and is currently planning to build over 2,500 homes in the UK.
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 1-3 bedrooms, a large reception & residential amenity and commercial spaces.
„We have launched our first Spanish developments on in Fuengirola in the Costa del Sol, where 116 luxury apartments are under construction. We are also looking for opportunities to further develop our Spanish operations.”
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 the first smart residential projects in Romania: 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 UK and offering affordable rental and shared ownership properties.”
Cordia entered the German rental housing market through its investment in ARGO Properties N.V. ARGO’s shares were listed on the Tel Aviv Stock Exchange in spring 2021 and Cordia currently holds a 15%+ stake.
An important 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 provider of affordable housing, 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, with a focus on reducing greenhouse gas emissions, improving energy savings and targeting carbon neutrality. In addition to protecting the environment, we are also committed to the preservation of mental and physical health and social responsibility.
CIJEurope.com: Second phase of the energy efficient Corvin Innovation Campus is structurally complete
CIJEurope.com: Advance Tower in Budapest officially becomes a WELL-certified, human-centred office building