Futureal: 70,000 sqm of Real Estate Investment

The Hungarian real estate development firm Futureal Investment Partners has acquired three properties totaling nearly 70,000 square meters, two shopping centers and an office building in Poland, the real estate investment and asset management company announced in a statement sent to the state news agency MTI on Wednesday.

The company also acquired the 30,300 sqm Galeria Bemowo in Warsaw and the 25,500 sqm Manhattan shopping centers in Gdansk, as well as an office building in Wroclaw, Wratislavia Tower.

The two shopping centers have ample parking space and 120 shops; the office building has 11 floors, 12,000 sq m of offices and an underground garage with 140 parking spaces, it was explained.

Karol Pilniewicz, investment director at Futureal Investment Partners, said in a statement that all three projects fit perfectly into their investment strategy of high return.

They are investing in properties with "excellent characteristics" that they are expertly repositioning to make them even more valuable on the market, he stressed.

Gábor Futó, founder and co-owner of the Futureal Group, noted that Futureal Investment Partners was launched with the aim of becoming "a valuable partner for institutional investors seeking value-add and opportunistic real estate exposure."

The investment firm will operate independently, while leveraging the knowledge and network of contacts of the group's more than 500-strong real estate team, which spans two decades, he stressed.

Futureal Investment Partners was founded in 2021 by the Futureal Group, which has developed more than 180 real estate projects over the past two decades, totaling EUR 5 billion and more than three million square meters.