Cordia, Hungary’s leading residential property developer is continuing its expansion in the UK residential property market: its local subsidiary is building a complex of 366 rental apartments, bringing the total number of homes planned for the West Midlands region to over 1,800. Cordia, member of Futureal Group has reached its
A division of Futureal known as Cordia is very pleased to announce that it is set to ensure the development of an all-new ambitious project that will inject greater property development and construction into the Hungarian city of Budapest. Relieving GTC of their duties, Cordia will now be responsible for
BDC 319 : Aug 2024
Cordia, Hungary’s leading residential property developer is continuing its expansion in the UK residential property market: its local subsidiary is building a complex of 366 rental apartments, bringing the total number of homes planned for the West Midlands region to over 1,800. Cordia, member of Futureal Group has reached its next milestone in its operations in the United Kingdom: the Birmingham-based Cordia Blackswan, acquired and renamed last year by the company has announced its next major development. Cordia Blackswan is building a complex of 366 rental apartments in Birmingham’s Digbeth district, on a site of nearly 8,000 sq m. Digbeth is a regeneration area in the centre of the UK’s second largest city, with a strong industrial heritage. This area is now recognised as a vibrant cultural, creative and diverse neighbourhood, a kind of bohemian quarter. Cordia Blackswan’s new development will feature a combination of 1, 2 and 3 bedroom units, in two ‘u’-shaped blocks of five and eight storeys, set around landscaped public realm. Residents will benefit from shared amenities, including a resident’s lounge and concierge service, with high quality private outdoor spaces including courtyards and balconies. This project is not the first residential rental development of Cordia Blackswan, as the company has a number of developments in Birmingham’s historic Jewellery Quarter, which is still home to one of Europe’s largest jewellery manufacturing communities. These include The Lamp Works, a 148-home build-to-rent apartment scheme, while Bradford Works will be the city’s first purpose built shared living scheme for young professionals, with access to high-quality communal areas and shared amenities. Although The Gothic is not a rental housing development, but is also located in the same neighbourhood: the buildings that were built in the early 19th century will be converted into Victorian-style homes with carefully restored heritage features. This development is named after the pub that welcomed visitors from 1870 until the early 2000s. Beyond its Jewellery Quarter placemaking agenda, the company is keen to support Birmingham’s growth and development more broadly and this latest acquisition in Digbeth signals the next step in Cordia Blackswan’s journey of ambitious growth. Together with the development just announced, Cordia Blackswan has a pipeline comprising over 1,800 homes, as well as 33,500 sq m space for commercial uses across the West Midlands and is actively looking for new sites across the region.
A division of Futureal known as Cordia is very pleased to announce that it is set to ensure the development of an all-new ambitious project that will inject greater property development and construction into the Hungarian city of Budapest. Relieving GTC of their duties, Cordia will now be responsible for the building and construction of an exciting project located in the hilly and much sought after Buda area of the country. By injecting a further 140 million euros into the project that had originally begun under GTC, the funds will allow for the building of 850 habitations. As if that were not enough to get excited about, there is much more to this land development than merely to build homes for people living in the region. Indeed, Cordia has the intention of also committing funds and planning to oversee the construction of a brand new park dedicated to leisurely activities in the area that will total 8,000 square meters of private land. In addition to this, an area for office building will be an added feature of this ambitious development in the beautiful Hungarian location. Following on from Cordia’s multi-award laden Corvin Promenade initiative, the Budapest project is set to be in the same vein of ambitious construction and is not set to be finished until at least 2021. The new site will be known as the Sasad Resort and will be the crème de la crème of Hungarian industrial development. Indeed, Mister Gabor Futo, the clan leader of Futureal Group, is extremely pleased that Cordia will manage the project moving on from GTC, and this will equally mean the creation of a further 100-plus jobs for the local community. Of course, Futureal Group have the blessing of the previous company, GTC, who rather than throw the towel in early have moved onto different pastures in the building and development sector. Mister Robert Snow the Chief Executive Officer of GTC Hungary has declared that he is very pleased that a company like Cordia under Futureal are going to oversee the development and construction of the land.
