Futureal to develop KPMG's new Budapest headquarters (HU)

KPMG in Hungary has chosen Futureal to develop its new built-to-suit Budapest headquarters. KPMG will occupy half of a new 20,000-m² office building to be located on the most visible corner of the Vaci út office corridor, right above a metro station. The 10-year lease will commence in 2014.

After a very careful selection process, KMPG has chosen to work with Futureal that has undertaken an extensive search process to find and acquire the best possible location for KPMG's needs and to design a top quality office building that will host the firm for at least a decade.

"We are honored by the trust Hungary's leading audit and advisory firm has put in us and we are deeply committed to satisfying the needs of our client and to creating the top core investment product in Hungary," commented Gabor Futo owner/CEO of Futureal Group.

"The ingredients are all in place for this: a great tenant, top location, excellent visibility and public transportation," added Tibor Tatar, CEO of Futureal Management.

"In addition, the built-to-suit building will target a BREEAM Very Good level of 'green' certification. We strive to set an example for a very close co-operation between a tenant and a landlord and to develop a signature building for both KPMG and Futureal."

KPMG was advised by ConvergenCE, an experienced developer, investor and asset manager of office buildings in Central Europe throughout the selection process and the deal.

This is the third new project Futureal has started this year besides Nova Park, the €120-million shopping center joint venture in Poland and Cordia Sun Resort, a 300-unit residential project in its flagship urban renewal project: Corvin Promenade, Budapest.

Source: Futureal

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