Forty Management to build Romania's highest residential tower

13
Jan
2022
News - Forty Management to build Romania's highest residential tower #apartments #Bucharest #Central District Royal Suites #Forty Management #Romania

by Property Forum | Residential

Romanian developer Forty Management has initiated the authorization procedure for Royal Suites Central District in northern Bucharest, with a market value of €76 million. Once completed, the building will be the tallest residential project in Romania with a height of 122 meters. 


The new project will be located on a 3,000 sqm plot of land placed near Miorița Fountain and will include 34 luxury apartments. 

“The architectural concept of this building focuses on qualities offered by the most exclusive projects in the world, such as unique views, height of space, natural light, premium materials, energetic autonomy and high-technology related to comfort. The volume and geometry of the building, designed as a spiral, offer generous terrasses with unique 270 degrees opening views. This project places Bucharest on the map of modern landmark projects,” says Traian Bompa, Principal Architect at Sane Architecture. 

Central District Royal Suites will be a passive autonomous building, energetically self-sustained. 

The project offers multiple facilities, such as a semi-Olympic swimming pool, a gym and a fitness area, a spa equipped with sauna, massage and hammam, a cigar lounge, a wine tasting area, an audition room with a recording studio, spaces for personal storage and an automated valet parking system. 

The developer’s portfolio includes 333 apartments in completed projects, 600 apartments under construction, a 300 rooms 5 star+ hotel, 9,000 sqm office as well as commercial spaces. 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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