Nokia Moving to Corvin Promenade

One of the Largest Office Leasings in Recent Years: Nokia Moving to Corvin Promenade

The Hungarian branch of Nokia Networks are moving to Corvin Promenade. The building works of the 25,000 sqm headquarter started at the beginning of 2015 and the office block will close the Eastern end of the large-scale Corvin Promenade City Regeneration Project.

“Following a year-long tender process the Nokia Networks selected the Corvin Promenade to home their new headquarter. The office building offering 25,000 sqm leasable space, developed by the Futureal Group, will be accomplished by the end of 2016 and will also contain a hypermodern research laboratory. The building was planned by Zoboki-Demeter and Associated Architects, awarded with FIABCI’s Prix d’Excellence in 2006. Since the crisis this has been one of the largest office lease deals on the Hungarian market”, mentioned Gábor Futó, Founder and Co-owner of the Futureal Group.

Nokia Networks is one of the world’s largest telecommunication companies and the market leader in developing and planning broadband mobile networks, including 4G network. The new headquarter will home Nokia Networks Global Technological Centre, becoming one of the largest IT and Telecommunication R&D centres in Hungary.

Béla Zagyva, General Manager of Nokia Networks, Hungary said, “When we decided to look for a new headquarter for our Hungarian office due to the increasing workforce and the changing needs, we also decided to provide the best possible working conditions by having an office built to satisfy the long term needs of our company. The new office building being built on Corvin Promenade will provide the most state-of-the-art work environment available for our research/development work, and will offer excellent transport infrastructure and service environment for our highly qualified staff.”

Dr Péter Futó, Founder and Co-owner of the Futureal Group stressed, “The building fulfils special technological expectations even among the A-category office buildings with its outstandingly high electric capacity, double feeder, the ergonomic lift system equipped with destination control and BREEAM certificate. Apart from the underground garage, parking will be facilitated with a parking house built for Nokia, while the restaurants will be located on the ground level of the building.”

The new building will provide not only workplaces for those working in it, but the open space on the ground level will also provide public access for the pedestrians, completely integrating the office building into the city texture. Parallelly with the new office complex, which will close the Promenade, the new parked section of the walkway will also be built based on the plans of Anikó Andor, landscape architect. This way the 800 metre long pedestrian walkway, which appeared first on the drawing board 15 years ago to connect József Boulvard and Szigony Street, will be created.

The Corvin Promenade is CEE’s largest urban development project, where 50,000 sqm office is planned with underground parking spaces for 800 cars, 1,100 residential units with 600 parking spaces, 40,000 sqm retail with the belonging 800 parking spaces and 3,000 sqm fitness facility have been built. The Futureal Group commenced the project in 2004, the completion is expected by 2018-2020. On the planning works of the project 30 Hungarian and foreign architects have worked so far.

In autumn 2014 Corvin Promenade was the first in Hungary to be recognized with the Urban Land Institute’s ‘Global Award for Excellence’, considered as the Oscar Award for urban and property development. The Washington based Urban Land Institute, established in 1936, is a global nonprofit education and research institute with 32,000 members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide, representing all aspects of land use and development disciplines. The 11-strong jury of the Institute recognized the best achievements with the ULI Global Awards for Excellence for the 36th time last year. In selecting the winning projects, in addition to considering responsible land use, the evaluation criteria included the quality of architecture, the impact of the project on the environment, how the developers cooperated with local organizations to meet the local community’s and other social needs, and what alternative financing methods were applied.

Further information: