Cordia in Hungary

“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.”

Tibor Földi, Chairman of the Board, Cordia

Cordia Hungary in numbers

• 6,000+ homes sold and completed
• 1,500+ apartments under construction
• 4,000+ homes in the pipeline

Project highlights – Grand Corvin

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.

Cordia in Poland

“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.”

Tomasz Lapinski, Country Manager of Poland, Cordia

Cordia Poland in numbers

• 2,000+ homes sold and completed
• 1,000+ apartments under construction
• 4,500+ homes in the pipeline in 5 cities (Warsaw, Cracow, Gdansk, Sopot, Poznan).

Project highlights – Wilanow 2.0

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.”

András Kárpáti, Co-CEO, Cordia United Kingdom

Cordia UK in numbers

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.

Project highlights – Lamp Works

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.

Cordia in Spain

“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.”

Mauricio Mesa Gomez, Country Manager Romania & Spain, Cordia

Project highlights – Jade Tower

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.

Cordia in Romania

“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.”

Mauricio Mesa Gomez, Country Manager Romania & Spain, Cordia

Cordia Romania in numbers

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.

Project highlights – Parcului20

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.”

Balázs Hornok , CIO, Futureal Group, Western-Europe

Argo Properties N.V.

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.

Auxesia Homes

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.

St. Arthur 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.

Rental Portfolio

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.