OTP Prime Real Estate Investment Fund has fully acquired Corvin Technology Park office building, meaning that it now offers nearly 100,000 square meters on Corvin Promenade. At the same time, Futureal Group has started preparations for the development of its Corvin7 office building project. OTP PRIME, which was set up in 2017 to target grade A real estate assets, has done business with Futureal before, having acquired its 25,000 sqm Skypark office building and the other buildings at Corvin Promenade including Corvin One, Corvin Towers and Corvin Corner.
„The acquisition of the premium-class Corvin Technology Park was a very important step for the OTP Real Estate Investment Fund, since having a high proportion of real estate in its portfolio is a key element of the fund’s strategy,” said Eszter Salamon, director of Real Estate Management at OTP Real Estate Investment Fund Management.
Futureal sees the deal as a milestone in the company’s development. “This unique urban regeneration project equipped us with a special knowledge that we can leverage during the development of Corvin7, the next chapter of the promenade,” said Tibor Tatár, CEO of Futureal.
