Futureal secures €45m from Erste Bank for Corvin 5

Futureal secures €45m from Erste Bank for Corvin 5

Published at: 2017-03-16 11:45 | Author: CIJEurope.com
Futureal Group secured €45.1m from Erste Bank Hungary to finance the development of the Corvin 5 office building in Budapest. The funding is for 10 years. Valued at €90m, the 27,000 sqm building will be the final addition to the Corvin Promenade scheme. It will go up in two phases in the Corvin Quarter’s eastern closing block in the immediate vicinity of Skypark, which was finished last year. The first phase, expected to be handed over at the end of 2018, will offer 14,200 sqm. The second phase will add 12,800 sqm. Corvin 5 will include an inner garden on the ground floor as well as a roof terrace. Features that are crucial for tech companies, such as higher electrical capacity and dual power supply, received special attention.

Similar Stories:

Corestate Capital Group signs consulting agreement with Axel Wieandt
Corestate Capital has signed an agreement with Axel Wieandt, who will support the Corestat  »
Eset wins Patrónka site in state auction
Eset won the site that used to house the former army hospital in Bratislava’s Patrónka  »
IBM takes 18,000 sqm at The Bridge
IBM took 18,000 sqm office space in the first building of The Bridge, which Forte Partners  »
Passerinvest issues CZK 2bn worth of bonds
Passerinvest Group has issued bonds worth CZK 2bn. The funding will be used to finance the  »
How will you be able to manage both the Slovak and the Czech office at the same time? F   »
Warsaw continues to be the country’s largest and the most expensive office market, with   »
The largest volume of new space was delivered in central locations (more than 200,000 sqm)   »
Czech Republic  ♦  Czech investment to hit €3bn
One of the last deals to go through in 2016 was the sale of Panorama Business Center with   »