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Futureal sells Advance Tower

Alex Hayes 20 May 2019

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Futureal sells Advance Tower
Advance Tower is occupied by such tenants as KPMG Global Services and Thermo Fisher Scientific
HUNGARY Futureal Group has sold its Advance Tower building to the Erste Real Estate Fund. The second stage of the same project could also be sold to the fund under a forward purchase agreement.
Although the transaction price has not been disclosed the value of the entire complex was estimated in March last year at around EUR 68 mln.

The eight-storey, office building is occupied by tenants such as KPMG Global Services and Thermo Fisher Scientific. The second stage of the project will have an area of 8,000 sqm gla and expand the complex to over 20,000 sqm. Advance tower is BREEAM certified and also holds WELL ‘Platinum’ precertification.

“The sale of Vision Towers and Advance Tower proves the high quality standards of Futureal Group’s developments, which we will continue to guarantee our partners in the future. Futureal Group is committed to developing all of its future office buildings to WELL Building standards, since the health of the employees working in a building must be a key priority during the planning,”said Tibor Tatár, the CEO of Futureal.

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