Cordia Group, Hungary’s leading residential property developer and owner of Birmingham-based Cordia Blackswan, is significantly expanding its supply of new homes for sale in Budapest.
This autumn, the company is adding more than 500 apartments to the market across three developments in the Hungarian capital’s most popular green belt and city centre locations – the 8th, 9th and 11th districts.
Totalling almost 500,000 sq. ft, the projects will increase the number of new homes available in Budapest’s 8th and 9th districts by a quarter (25%), and by 15% in the 11th district.
Energy efficiency is a priority for all three new developments, integrated as part of Cordia’s wider agenda on reducing energy consumption, which is a top priority for all country operations – including Cordia Blackswan in the UK.
The three buildings will consist of highly energy efficient apartments that will meet near zero requirements. By Hungarian energy standards, all apartments will be AA-rated, with estimations putting energy consumption at a quarter less than that of an average FF-rated property – of which half of all Hungarian apartments and houses are marked.
Including these new projects, there are 850 homes in Cordia’s current portfolio for sale, with the company accounting for 15% of Budapest’s total new home supply.
Tibor Földi, chairman of the board of Cordia International, said: „In the first half of the year, Cordia developed 16% of the apartments delivered in Budapest, while 9% of new homes sales in the Hungarian capital so far this year were made by the company. We are currently working on the delivery of more than 1,140 apartments, and are preparing the construction of another 4,300 homes.”
One of the new developments is Corvin Next, a 100-apartment downtown development that will be built in the renovated, well-maintained area of Futó Street, close to the multi-international award-winning Corvin Promenade and the widest pedestrian street in Budapest.
The Woodland project will be located in the 9th district, in an area that is constantly evolving and is undergoing complete regeneration. This development will have a large inner garden with extensive landscaping and private parking. The first phase will create 257 homes, ranging from studio apartments to one-, two- and three-bedroom homes with garden access or balconies, as well as exclusive penthouses on the top floor.
Designed in line with the latest architectural trends, the 153-apartment Sasad Resort Sunrise will be located in the green belt of the 11th district, next to the Rupp-hegy Nature Reserve, yet within easy reach of the city centre. Sasad Resort’s exclusive residential park offers a spacious leisure park spanning more than 8,000 sqm with unique recreational facilities – playgrounds, sports fields, outdoor gym, picnic areas and barbecues – for the whole family to enjoy.
Cordia is an international property powerhouse, and is a proud member of Futureal Group. As one of the leading real estate developers and investors in Central and Eastern Europe, Cordia is continuously expanding, with various developments in the UK market.
In 2020, Cordia reinforced its international ambitions by acquiring Blackswan Property in the UK. Cordia Blackswan, based in Birmingham, is set to deliver a project pipeline of 2,500 residential units and numerous commercial offerings in the West Midlands region over the next five years. .
Deputy CEO at Cordia Blackswan, András Kárpáti, added: “Cordia has been leading the way in Hungary for two decades now, providing an invaluable contribution to the new homes market in Budapest by investing in and regenerating under-utilised areas. With a number of residential developments currently underway here in Birmingham, we aspire to build on Cordia’s legacy and develop high quality, innovative spaces for contemporary residents to live in and enjoy.”
