Futureal launches European investment management business

Hungary-based real estate developer Futureal announced the launch of Futureal Investment Partners, a real estate investment and asset management business that will focus on value-add and opportunistic investments across Europe.

Futureal Investment Partners plans to become a significant investment and asset manager, by co-investing with prominent institutional and high-net-worth investors in the office, logistics and retail sectors, both in Central and Western Europe. The strategies will include development, refurbishment and repositioning projects.

Futureal Investment Partners operates a vertically integrated platform, covering each stage of the investment process, from acquisition and funding to sale or buy-and-hold strategy execution.

The firm has hired a team of eight professionals, led by Karol Pilniewicz, the former head of Cromwell Property Group’s CEE region, who will focus on the CEE markets. He will work closely with Balazs Hornok, the former European acquisitions director at Rockspring Property Investment Managers, who will be responsible for the investment strategy in Western European countries and the US. Other members of the firm’s team have been hired from Cushman & Wakefield, JLL, Griffin Real Estate and 7R.

Karol Pilniewicz said: “Futureal Investment Partners has significant financial backing, a team of experienced real estate professionals and a structured and well-timed strategy. Having previously successfully focused on development in Central Europe, Futureal has decided to broaden the scope to the whole of Europe, where there are compelling opportunities in the wake of Covid to generate above-average returns from value-add and opportunistic strategies”.