Futureal secures €79.5m for Corvin Innovation Campus (HU)

Futureal secures €79,5m for Corvin Innovation Campus (HU)

Futureal has signed a loan agreement worth €79,5m with UniCredit Bank to finance the construction and long-term operation of Corvin Innovation Campus. The first phase of the almost completely contactless office building will be completed by end of 2022, the first tenants can already move in the first quarter of the next year. The construction of the second phase is also in progress according to plan.


UniCredit Bank will provide €45m and €34,5m in loans to Futureal for the realization and operation of the first and second phases of Corvin Innovation Campus for a period of 9 years. The new-generation building is being developed under Futureal’s Stay Safe initiative designed to respond to the changing market demand due to the epidemic. The first phase of the nine-storey complex will provide 16,650m² of GLA, while the second has 14,310m² of GLA in the immediate vicinity of Corvin Promenade, at the intersection of Szigony, Tomo, Apathy and Balassa Street.


The office complex was designed to meet the expectations of the digital age, while a huge emphasis has been put on creating a green environment. It has been developed and will be operated according to BREEAM sustainability and the human-centred WELL Building certification system. The pet-friendly office building located nearby a metro station is easily accessible by public transport. An increased number of bicycle storage spaces as well as separated showers and lockers, café and restaurants will also be available for office employees and their guests.


"Corvin Innovation Campus becomes the next chapter of the internationally praised Corvin Promenade’s success story. The agreement with UniCredit Bank is yet another recognition of the decade-long work and professional expertise Futureal has put into revitalizing a previously neglected area in the heart of Budapest," said Laszlo Balassa, Project Director of Corvin Innovation Campus at Futureal.



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