Cordia

What Cordia does

Cordia is a Central-Eastern European residential real estate developer operating as the residential development arm of the Futureal Group, with active markets in Hungary, Poland, Romania, the United Kingdom, and a pilot project in Spain. The company develops large-scale, energy-efficient residential projects ranging from entry-level apartments in Budapest (e.g., Woodland, Corvin Campus, Thermal Zugló 5, Sasad Resort) to premium waterfront (Marina City) and luxury international offerings (360° by Cordia in Mijas), with approximately 1,159 apartments under construction and plans to launch ~1,500 new units in 2025 — up ~50% from the original target — representing roughly HUF 130 billion in construction-industry orders and EUR 610 million of Hungary-specific investment volume for the year.

Cordia's product is built around all-electric buildings using heat pump technology, BB–A+ energy ratings, per-apartment smart energy management (room-by-room temperature control via smartphone), and community amenities including wellness and co-working spaces. Sales and marketing leverage three owned Budapest sales offices equipped with VR and 3D visualization tools, an online property portal listing 587 available apartments, and a co-branded home loan partnership with OTP Bank (including green loans at 6.79% fixed). Beyond development, the company operates a Property Management division (Cordia FM) handling tenant sourcing, lease administration, rent collection, maintenance, and turnkey interior design and furnishing services for investor clients across 600+ managed apartments.

The business model combines one-time residential unit sales (the primary revenue driver, with Hungarian units priced 60–180M HUF and Spanish units €400,001–€3,000,000 on flexible 10/90 payment plans) with recurring managed-services revenue from property management and professional-services revenue from interior design and tenant placement. Customers are fragmented individual homebuyers and rental-property investors with no enterprise anchors. Distribution is multi-channel across Hungary and direct on-site for international projects, with institutional lender support (Lloyds Bank in the UK) underwriting cross-border execution.

Name

Cordia

Legal name

Cordia Management Kft.

Website

https://cordia.hu

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Cordia is a Central-Eastern European residential real estate developer and Futureal Group subsidiary that builds energy-efficient, smart-home-equipped apartments in Hungary, Poland, Romania, the UK, and Spain, serving individual homebuyers and property investors through direct sales offices, an online portal, and bank financing partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Residential Property Sales: Cordia generates the majority of its revenue through the sale of new residential apartments and houses across its portfolio of residential parks. Properties range from entry-level to luxury segments in Budapest and internationally (Spain, UK). Sales are conducted through direct sales offices and online portals with various payment plan options.
2. Property Management and Rental Services: Cordia's Property Management division manages rental properties on behalf of investors, including tenant sourcing, lease administration, rent collection, utility management, maintenance, and re-letting services. Revenue is generated through management fees and rental commission.
3. Interior Design and Furnishing Services: Cordia offers full interior design, custom furniture design, and complete furnishing services for rental properties. Services include custom kitchen and wardrobe design, installation, and turnkey furnishing for investors preparing properties for rental.
4. Tenant Placement and Brokerage: Property rental placement services connecting landlords with tenants, including lease preparation and contract management.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Cordia is a residential real estate developer that builds and sells new-build apartments and houses, primarily in Budapest with international projects in Spain, the UK, Romania, and Poland. In addition to property sales, it offers integrated investor services including property management (tenant sourcing, rent collection, maintenance) and interior design/turnkey furnishing for rental properties. Its buildings feature standardized energy-efficient construction (BB to AA+ ratings), heat-pump all-electric systems, and built-in smart home energy management.

Differentiator

Problem solved

Functional benefit

Brands

• Cordia FM: Property management and building administration subsidiary handling residential property services including maintenance, tenant management, and facility operations.

Products and services

• Woodland Residential Park New-build energy-efficient apartment development in Budapest's 9th district for individual homebuyers and investors.
• Corvin Campus Residential Park New-build residential apartments in Budapest's 8th district on the Corvin Sétány, offered to homebuyers with 10-90 payment schedule and energy-efficient construction.
• Marina City Residential Park Waterfront, premium-view residential apartments on the Danube in Budapest's 13th district with Buda-side panoramic views, sold to homebuyers and investors including a 4th phase at introductory pricing.
• Thermal Zugló 5 Residential Park New-build energy-efficient apartments in Budapest's 14th district garden-city area, targeting families seeking modern homes close to the city center.
• Sasad Resort Residential Park Modern, spacious family-oriented apartments on a landscaped, panoramic site near the Rupphegy nature conservation area in Budapest's 11th district.
• The View by Cordia Residential Park Lakefront residential apartments in Fonyód on Lake Balaton with permanent panoramic views of the lake and Badacsony mountains, targeted at buyers seeking second homes and lifestyle properties.
• 360° by Cordia Residential Project (Spain) Luxury waterfront residential development on the Costa del Sol in Mijas, Spain, offering over 500 homes in multiple phases to international buyers and investors (priced EUR 400,001 to EUR 3,000,000).
• Centropolitan Bucharest Residential Project 274-unit residential development near Bucharest Mall in Bucharest, Romania, expanding Cordia's Romanian market presence.
• Birmingham Bradford Works Redevelopment (UK) Mixed-use urban regeneration residential redevelopment in Birmingham's historic Jewellery Quarter, UK, financed by a GBP 5.25 million Lloyds Bank sustainable finance package.
• Cordia Property Management Service Full-service property management for investor-owned Cordia apartments, covering tenant sourcing, lease administration, rent collection, utility management, maintenance coordination, and annual property inspections.
• Cordia Interior Design and Furnishing Service Full interior design, custom furniture design, and complete furnishing services for Cordia rental properties, including custom kitchen and wardrobe design, installation, and turnkey furnishing for investors.
• Tenant Placement and Brokerage Service Property rental placement services connecting landlords with tenants, including lease preparation and contract management for Cordia-managed apartments.

Quantifiable outcome

• Cordia has 19,000+ satisfied customers and 12,000+ apartments sold
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Dom Development: Poland's largest listed residential real estate developer, focused on mid-to-upper-mid segment new apartments in major Polish cities. Highly comparable: similar product/customer segment, multi-development pipeline model, and CEE geographic exposure that closely overlaps with Cordia's Polish operations.
• Echo Investment: Major Polish/Czech residential and mixed-use developer with multi-project pipeline and strong brand recognition in CEE. Comparable to Cordia in residential-segment focus, multi-country footprint within Central Europe, and project-by-project sales-led GTM.
• WING: One of Hungary's largest real estate developers operating in residential, office, hotel and mixed-use segments. Direct competitor to Cordia in the Budapest residential market and across the broader Hungarian development pipeline.
• Granit Polus Group: Hungarian real estate developer and investor active in commercial and residential developments including high-profile Budapest projects. Closely comparable in geography (Hungary-led) and project scale.
• MRP Group: Slovenian-origin residential real estate developer expanding across Central and Eastern Europe. Operates a multi-country, multi-project residential sales model similar to Cordia's footprint in CEE (Hungary, Poland, Romania).
• Pafal Group: Hungarian residential real estate developer active in the Budapest new-build apartment market with comparable mid-segment product offering to Cordia.

Broad incumbents

• Skanska: Sweden-headquartered global construction and real estate developer with residential homebuilding operations across multiple European markets. Comparable as an established, well-capitalized residential developer but with far broader geographic and product (commercial + residential) scope than Cordia.
• Kaufman & Broad: France's largest standalone residential homebuilder, publicly listed and operating across French regions. Comparable in single-product focus on for-sale residential units, but with materially larger scale and single-country (France) concentration vs. Cordia's CEE-led multi-country model.
• Taylor Wimpey: UK-listed national residential housebuilder. Comparable as a developer of newly built homes for individual buyers; relevant counterpoint given Cordia's UK market entry (Birmingham Bradford Works) but Taylor Wimpey is much larger and UK-only.

Regional players

• Atenor: Belgian-listed European real estate developer with multi-country project portfolio spanning Belgium, France, Netherlands, Germany, Hungary, Poland, Portugal and Romania. Comparable in multi-country European development strategy — including direct overlap in Hungary (Cordia) — though Atenor's heavier weight on office alongside residential distinguishes it from Cordia's pure-residential focus.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cordiaotthonok

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cordia