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.
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.
