Futureal Group transitions entire Hungarian portfolio to renewable energy

The Futureal Group has completed the transition of its entire Hungarian office, commercial, and industrial real estate portfolio to renewable electricity. This includes the operations of new residential projects, with part of the renewable energy now produced directly on-site, further supporting sustainability goals and reducing the environmental impact for tenants.

The move aligns with the Paris Agreement and the European Union’s 2050 net-zero carbon emission targets. Since January, more than 500,000 square meters of Futureal-managed real estate has been operated using 100% renewable energy.

Key properties such as Budapest ONE, Corvin Innovation Campus, Etele Plaza, and four HelloParks industrial megaparks are now collectively cutting CO₂ emissions by over 8,500 tonnes per year. Approximately 15% of the energy demand is met through on-site renewable sources, mainly solar panels, supported by an investment of over €5 million by the group.

Cordia, the group’s residential development arm, has also shifted all newly launched projects, including the large-scale Marina City urban renewal project in Budapest’s 13th district, to green electricity. This development, located on a 14-hectare brownfield site along the Danube, will ultimately include more than 2,500 homes surrounded by a nine-hectare car-free green zone.

Because on-site generation does not cover energy needs continuously, Futureal also purchases certified renewable electricity from the grid, sourced exclusively from Hungarian renewable energy producers, verified through Guarantees of Origin (GoO).

“Green energy is not just a sustainability goal but also a competitive advantage,” said Márk Balástyai, CEO of Futureal Energy. “By applying renewable energy across our entire portfolio, we are reducing environmental impact while providing a more stable and cost-efficient energy supply for tenants over the long term.”

Futureal’s developments have been designed with environmental, social, and governance (ESG) principles in mind, achieving several notable certifications. Budapest ONE and Corvin Innovation Campus have both been awarded BREEAM Excellent ratings. Etele Plaza was the first shopping center in Hungary to secure a BREEAM Very Good rating during construction. HelloParks Maglód MG3 became the first industrial development in Hungary to earn a BREEAM Outstanding rating under the New Construction category, and the FT1 warehouse in Fót was the country’s first industrial building to meet EU Taxonomy requirements for sustainable investments.

Currently, the group operates five industrial buildings certified as BREEAM New Construction Outstanding and four facilities aligned with EU Taxonomy standards, with all new projects developed according to these rigorous sustainability benchmarks.