Local real estate developer Forty Management has acquired a 39,896 sqm plot of land of in the Străulești area of the Bucharest from Butan Gas Romania in a transaction valued at €8.2 million. The developer plans to deliver the Central District Lagoon City mixed-use project with 570 apartments, hotel, offices and commercial space, following an investment of over €100 million.
The Poșta Puișor building in central Bucharest will be transformed into an office building by Forty Management & Investments, a company founded in 2015 by local investors Lucian Azoiței and Tudor Bădițescu, profit.ro has learnt.
A group of investors have acquired 35 one-bedroom apartments in the Central District 4 Elements residential project, developed by Forty Management in the capital’s Titan area, for €3.4 million (excluding VAT). The investors will lease the apartments.
Primark has signed a lease agreement to open a store in the Silesia City Center shopping mall in Katowice, owned by ECE Polska, in 2023.
Engineering plastics producer Terez Performance Polymers has leased more than 5,000 sqm of warehousing space at 7R City Flex Rzeszów Airport. The tenant was advised for this transaction by Savills.
Qatar Airways extended a 1,700 sqm office lease at the Epsilon building of the Promenady Business Park complex in Wrocław. The building’s owner was
advised by Knight Frank.
New appointments
Tomasz Czuba joins the Management Board of JLL Poland and is appointed Head of Office Agency and Tenant Representation.
JLL Poland has appointed Tomasz Puch to the Management Board, who will also take on the role of Head of Capital Markets in Poland.
Savills has appointed Jana Etrych Goldscheidová from February 2021 as an Associate Director within the investment department. Based in the Prague office, Jana will work alongside Managing Director and Head of Investment, Stuart Jordan.
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