Cordia puts more emphasis on the UK market in its international expansion
Cordia Blackswan’s Gothic in Birmingham.
Real estate developer Cordia, a member of Futureal Group, has recently made a number of affordable housing investments in the UK market, strengthening the company’s presence in the international market, according to a press release sent to Budapest Business Journal.
Together with its local strategic partner Matter Real Estate, the company has invested in Auxesia Homes, a registered provider of affordable housing, under the governance of the social housing regulator. Auxesia provides new and affordable housing for current and former military personnel, NHS and emergency service workers and works closely with home builders and local authorities to provide high quality and affordable housing in the north from England.
Shortly before the Auxesia transaction, Cordia and Matter jointly invested in St. Arthur Homes, which is also active in the regulated housing sector. Cordia also participates in Matter’s Real Asset Fund, which supports developers in the UK and Ireland with structured capital investments.
“We are very proud to be able to contribute to the development of one of the specific segments of the UK housing market, which provides affordable housing to workers in the public sector. Our co-investment in Auxesia is an important next step both in our cooperation with Matter Real Estate and in our international expansion. We hope that the experience gained in the UK can also be applied to the domestic market, ”said Gábor Futó, founder and majority owner of Cordia.
“Our cooperation with Matter Real Estate and Blackswan Property’s portfolio and planned investments have enabled us to contribute to the future development of many new homes in the UK. We are also constantly on the lookout for new investment opportunities in the UK. Uni and other international markets, ”said Tibor Földi, Chairman of the Board of Cordia.
Cordia announced its joint deals with Matter after Cordia Blackswan, which was acquired and renamed last year, began selling the exclusive apartments she is developing as part of The Gothic project in Birmingham’s historic district this month. latest. Cordia Blackswan is also working on other residential, commercial and office projects in the Jewelry District, including the redevelopment of the former Lloyd’s Bank building.
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