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Hungarian billionaire real estate developer is launching a new project

Futural, one of the largest real estate developers in Central and Eastern Europe, will already be traveling in real estate investment and asset management.

The company reported on Futureal Investment Partners in a statement sent to Forbes.hu, which focuses on potentially high value-added investments across Europe.

The company aims to become a dominant investment and asset management company. It will co-invest with private institutions and prominent private equity investors in the office, logistics and retail sectors of Central and Western Europe.

I will cover all stages of investment

Development, renovation and retrofit projects are part of the company’s new business strategy.

They manage a vertically integrated platform that covers all stages of an investment, from acquisition and financing to sale or implementation of a buy-and-hold strategy.

(The point of the strategy is that timing doesn’t matter, they try to reduce exchange rate volatility for risky assets by holding them for the long term.)

The team is currently comprised of eight professionals and will be headed up by Karol Pelnyowicz, former head of the Central and Eastern Europe region of the Cromwell Property Group, who will focus on the Central and Eastern European markets. He works closely with Balázs Hornok, former European Acquisition Manager at Rockspring Property Investment Managers, who is responsible for the group’s investment strategy in Western Europe and the United States.

“Having previously focused on developments in Central Europe, Futureal has decided to expand its operations to the whole of Europe, where the pandemic offers many opportunities to achieve above-average returns through high-return investment strategies,” Pilnioise said in a statement.

Life is about the future

The founders of Cordia’s Futureal Group are Péter Futó and Gábor Futó, who are also on Forbes’ list of billionaires. Futureal has developed the first smart arena in Budapest, Etele Plaza, which was opened recently, with more than one hundred billion forints.

They are expanding into Poland and the UK, among other countries, but recently broke into their first hotel.

Featured image is Etele Plaza // Photo: Etele Plaza

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