DLA Piper has advised Erste Bank on a EUR 60 million loan to Futureal for the realization and operation of the second phase of Budapest One for a period of more than 10 years.
According to Futureal, “the 25,000 square meter first phase of the complex was handed over at the beginning of 2020. The construction of the nearly 20,000 square meter second phase and the 19,000 square meter third phase is progressing according to plan as they already reached their highest point in May this year. The office park with 3,500 square meters of commercial space is also complemented by 2,500 square meters of green space. Tenants will be able to move into the premises of the last two phases in the second half of 2022.”
DLA Piper did not reply to our inquiry on the matter.