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Home Countries Hungary

Futureal Secures EUR 50 Million Loan for Budapest ONE

Sorina Dumitru by Sorina Dumitru
September 30, 2021
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Futureal Secures EUR 50 Million Loan for Budapest ONE
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On September 23, 2021, Hungarian property developer Futureal announced that it signed a contract for an approximately EUR 50 million loan from MKB Bank to finalize the construction of the Budapest ONE business park.

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According to the company, the loan will run for more than 15 years and will be used to complete the third phase of the development.

Futureal also informed that the first phase of the project consisted of 25,000 square meters and was handed over in 2020. Phases two and three comprise 40,000 square meters of office space and almost 3,500 square meters of commercial space and were topped out in May 2021. The first tenants are expected to move into the office space in the second half of 2022.

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Sorina Dumitru

Sorina Dumitru

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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