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The world’s leading news channel has turned its attention to Corvin Promenade – the first Hungarian project to win the urban and real estate development sector’s most highly recognized award, the Urban Land Institute’s „Global Award for Excellence”. The report aired on June 1st, 2015, at 5 p.m. CET.

The complete report can be viewed at the following link:

U.S. news channel CNN was on site in Budapest shooting about Corvin Promenade on April 30th and May 2nd. The 3-minute-long coverage highlighted the urban rehabilitation aspect of the award-winning project, and it carried the good name of the Hungarian development straight into the homes of 370 million viewers. The story featured architect György RÉVÉSZ (member of the Board of RÉV8 Zrt., and deputy head of the Department of Urban Planning and Design at the Budapest University of Technology and Economics), who originated the idea behind the project, and Futureal’s Chief Architect Gábor RADVÁNYI.

The 36-meter-wide and 350-meter-long Corvin Promenade covers 22 hectares in the heart of Budapest. This part of the 8th District has undergone a complete infrastructural, architectural and environmental renewal. The 100% Hungarian-owned Futureal Group and the District’s local government carried out an exemplary collaboration all throughout the project, which resulted in the establishment of first-rate residential and office buildings, commercial, service, and sports facilities. There have been no changes of similar magnitude in Budapest’s internal districts since Andrássy út was completed back in 1896. The 15-year-long project, underpinned by innovative urban planning and the most up-to-date real estate development solutions, resulted in a vibrant, livable, sustainable urban area with 4000 people living and more than 4000 working here.

Futureal was awarded the Urban Land Institute’s „Global Award for Excellence” in the autumn of 2014, as the very first Hungarian project to win this prestigious award. The Urban Land Institute is an international non-profit organization based in Washington, established in 1936, listing 32 000 members. Its mission is to uphold responsible land use and real estate development, and to help bond a strong international professional community. Last year the organization’s 11 jury members awarded the best of the best with the Global Awards for Excellence for the 36th time. When judging the award-winning projects, they focused on several key aspects, such as responsible land use, the architectural quality of the completed development, its environmental impact, and the cooperation between the local organizations. In 2014, alongside Budapest’s Corvin Promenade, winners included projects such as the Governor George Deukmejian Courthouse rehabilitation in California, an environmentally friendly public building realized as a PPP project; the Sixty London commercial office complex in London, which incorporates one of the area’s historic stone gatehouses; and the Tjuvholmen buildings in Oslo, which are part of the Fjord City urban renewal project. The full list of 2014 winners is available on the ULI website (in English):