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Futureal Group handed over Skypark office building at Corvin Promenade

Futureal Group handed over the Skypark office building as the latest member of the Corvin Promenade. The 25,000 square meters business center boasts the latest technology since it is planned to meet the needs of technology and R&D

Futureal Group handed over the Skypark office building at the Corvin Promenade. The building that was finished by the end of 2016 and has 25,000 square meters of GLA, is entirely occupied by one tenant. Since the start of the financial crisis, Skypark is one of the most significant rental transactions in the Hungarian office market.

“In 2015, the construction of the eastern closing block of the Corvin Promenade project was started with the development of Skypark. The building that is based on innovative solutions was designed by the internationally recognised, FIABCI audience award winner Zoboki-Demeter and Associates Architects. On the ground floor of Skypark, restaurants, cafés, and a kindergarten can be found, moreover, the building has a 2-storey lobby and a conference center on the first floor. In addition to the underground garage, a parking house with 169 parking lots satisfy the parking needs,” said Tibor Tatár, CEO of Futureal.

The building received BREEAM Very Good certification. Its environmentally friendly solutions include automated shading technology, which can control the sunshine exposure as necessary, electric car charger, green roof, bicycle storage, dressing rooms, showers as well as energy-efficient mechanical systems, among other features. Facilitating efficient, creative work had high priority, when planning the interior design. An urban space was designed to the entrance of the office building with a statue, fountain and seating surfaces, where 10-meters high plane trees have been planted as well. Around Skypark, nearly 100 shops, restaurants, cafés, a fitness-wellness center, laundry, post office, bank offices and a cinema can be found.

“With the 22-hectare Corvin Promenade urban development project, we managed to revive a prominent section of Józsefváros in the heart of Budapest, not solely from an architectural point of view but both in terms of culture and economy. Skypark marks a further milestone of this rehabilitation that transforms Corvin Quarter into a knowledge quarter. According to our plans, the rehabilitation of the Corvin Promenade will be finished in the next 3 years, so it will show its final form soon,” told Gábor Futó, founder of Futureal Group.

Corvin Promenade is an internationally recognised and awarded development project that won the International Property Award Best Mixed Use Development Europe award as well as the property development award of the Hungarian Chapter of FIABCI. In 2014, this development was the first Hungarian one to receive the Urban Land Institute Global Awards for Excellence, which is considered to be the Oscars of city and real estate development industry.

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About Futureal Group

Futureal is one of the leading real estate developers and investors in Central and Eastern Europe and is among the top 20 largest real estate developers in Europe. Over the last 12 years the Futureal Group has developed over 600,000 square meters of real estate projects with a total value of EUR 900 million. One of the Futureal Group’s most outstanding projects is Corvin Promenade, the largest inner-city urban regeneration project in the CEE region. In 2010, the project received the European Commercial Property Award for the Best Mixed Use Development of Europe and in 2014, the company received the Urban Land Institute’s (ULI) Global Award for Excellence, considered to be the Oscars of city and real estate development.

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