Hungarian developer Futureal to make 100 million-euro Romanian investment

Hungarian real estate developer Futureal has acquired four plots of land in the Romanian capital Bucharest in order to build residential units in an investment worth 100 million euros.

“Cordia Romania aims to develop 500 apartments annually in the coming years,” said Mauricio Mesa Gomez, CEO of Cordia Romania, the local subsidiary of Futureal.

“With the purchase of these plots, which have a total area of approximately eight hectares, we have secured the basis for the development of our future residential projects.”

The exact location of the four plots has not yet been disclosed. In the meantime, Cordia Romania is currently developing on Parcului20, a 15,000-square-metre plot that will feature 469 apartments. All apartments will be equipped with state-of-the-art smart-home systems. Parcului20 will also feature a private garden that stretches more than 3,000 square meters, filled with trees, perennial plants, relaxation areas, a yoga garden and exercise area.

Cordia also built the Gold Plaza mall in the northern Romanian city of Baia Mare.