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News Release

Budapest

Futureal appoints JLL and CBRE to lease Budapest ONE as co-exclusive agencies

JLL and CBRE have been jointly appointed to lease Budapest ONE Business Park an iconic office development project of Futureal Group in Hungary. The two agencies will cooperate as co-exclusive leasing agents on the 70,000 square meter office complex locate


Budapest ONE Business Park will be realized in more phases in Őrmező, next to Etele square and Kelenföld railway station. The office complex developed by Futureal Group has an ideal location next to the exit of M1-M7 motorway, the Kelenföld Metro 4 stop, the regional train station as well as the regional and local bus stations, which welcome 165,000 visitors a day. With the completion of Budapest ONE Business Park, travellers arriving from the west by train or car will be greeted by the office complex. The first phase of the 70,000 square meter office park, expected to be handed over in the second half of 2019, will contain nearly 25,000 square meters of offices for rent as well as 2,600 square meters of commercial and service unit. Additionally, the first phase will also provide significant green space and underground garage with 480 parking lots for the thousands of employees.

Futureal Group has become the first property developer in Europe to receive the WELL Building Platinum Precertification™ at the same time for three of its office building projects including Budapest One Business Park. The office complex has been designed and will be operated to make a positive impact on employees' health and wellbeing. Currently there are 34 WELL Precertified office buildings worldwide.

The outstanding service environment of Budapest ONE Business Park will be further enhanced by the ongoing development of the Kelenföld district. Just a few minutes away from the office park Etele Plaza, Hungary's third largest (54,200 m2) shopping and entertainment centre will be developed by Futureal Group. Etele Plaza will be one of the last major shopping centre developments in Budapest. The three floor centre will be able to contain 160 business units.

„Based on the success of our flagships project, the Corvin Promenade, we see an enormous market demand for locations with direct access to key transportation hubs. Due to the country's largest multimodal intersection located next to Budapest ONE Business Park the city centre can be reached via direct links under ten minutes. We are certain that JLL's and CBRE's dedicated office leasing teams will work together in synergy to enable ambitious tenants to enjoy the quality and services of our iconic office complex," - said Tibor Tatár, CEO of Futureal.

JLL's head of office leasing, dr. Péter Würsching MRICS commented: „We appreciate the assignment and I am glad that along with our expert team we have won the trust of the building's owner. Our office portfolio has expanded with such a great addition that it can accommodate the needs of those tenants who are looking for a pleasant but not downtown location where modern services are easily accessible by the employees. Based on the strengths of the building and our professionalism, we are confident that we will successfully fill up the office spaces."

Judit Varga MRICS, Head of Advisory & Transaction Services, Offices at CBRE added: "We are delighted to be part of this fantastic development advise the landlord on the leasing of this project​. Considering its location and architectural design of the office park, it is a unique building in the submarket. There is a huge potential to contribute growth of this part of the city in addition to encouragement of business life. Therefore, we expect significant result of deals from this assignment."