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. 




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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