Cordia takes over development of Sasad Resort in Budapest

14 February 2017

Cordia, the residential subsidiary of Futureal Group, took over the development of Sasad Resort in Budapest. The company plans to invest €140m to develop an additional 850 homes, an 8,000 sqm private leisure park and an office building. The development was originally started by GTC Hungary, which completed the first three phases. Completion is set for 2021. “As GTC is no longer involved with residential development projects we are delighted that the continuation of further development phases of Sasad Resort are in the good hands of Cordia, who we know are offering high-quality product,” said Robert Snow, CEO of GTC Hungary.

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