Futureal Group Works on Nearly 100,000 Square Meters of Office Space Development in Budapest

Futureal Group Works on Nearly 100,000 Square Meters of Office Space Development in Budapest

Futureal Group is extending its portfolio with a new office building. Located at the Váci office corridor, the Advance Tower is the second phase of the group’s ongoing project that involves the development of nearly 100 square meters of office space in the capital. The new office space, realized through the development project, will be three times bigger than all office developments carried out in Q1 2016 in Hungary.

Futureal Group launched the construction of Advance Tower’s first phase with a foundation stone laying ceremony. The 6-storey, ‘A’ category building, located in district 13, acquired a BREEAM certification indicating that it meets the highest sustainability requirements. Moreover, Advance Tower bears 11,900 square meters of gross leasable area (GLA) and will be realized through an investment that has a total value of EUR 36 million (HUF 11,2 billion).

The glass surfaces of the modern building, designed by Mérték Architectural Studio, grant the high proportion of natural light in the offices. According to the market needs, the office complex will be equipped with intelligent and sustainable technologies. Furthermore, as part of the intelligent building operation system, the automated shading technology, will facilitate the regulation of the sunshine exposure. By the same token, the office building will be hallmarked by decentralized hot water supply, smart irrigation system mounted on the roof garden as well as low-emission heating-cooling system.

“Futureal Group has developed over 600,000 square meters of real estate projects with a total value of EUR 900 million over the last 12 years. Reacting to the market needs, after the success of Vision Tower, our firm is launching several ambitious office projects in this year.

The developments will extend the capital’s office market supply by roughly 100,000 square meters of gross leasable area enabling our tenants to employ even 10,000 people in total” – emphasized Gábor Futó, founder of Futureal Group. “As a result of the significant tenant interest towards the newly built Advance Tower, we have already started the planning of the second phase, containing 8,000 square meters of gross leasable area, through which the GLA of Advance Tower totals nearly 20,000 square meters” – he added.

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Latest Issue

Related Articles

More stories from Builds & Development