Romanian developer Forty Management plans to start new residential projects covering 138,000 sqm with a market value of more than €310 million. The investments are in various permitting stages.
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.
COS, the office fit-out supplier, has leased 3,000 sqm in the Miro project, in northern Bucharest. All of the company’s employees will start working in the new offices next summer. Part of the space will host a showroom. The building is developed by Speedwell.
Recovery clinic Empatio București has leased 200 sqm in The Eminescu Offices project located in central Bucharest. The opening of the clinic is scheduled for April 2022. The office building is developed by Akcent Development and managed by Cushman & Wakefield Echinox.
SIG, a supplier of building products on the Polish market has decided to relocate its branch. It leased 2,067 sqm of warehouse and office space in City Logistics Katowice. The tenant was represented in the negotiation process by real estate advisory firm Cresa Poland.
New appointments
BNP Paribas Real Estate Poland strengthens its Capital Markets department. Bartłomiej Sutkowski, a highly valued expert with almost 15 years of experience within the real estate industry will be its new Associate DIrector.
MDC2 COO and co-founder Jeremy Cordery was recently appointed as a Board Member of the company’s Board of Directors and will be an active member of the following committees: ESG, IC and Audit & Risk.
Avison Young announced Karolina Pruchniewska’s promotion to the role of Communications Manager CEE. Based in Poland, Karolina will be responsible for enhancing brand awareness of the company in Central and Eastern Europe, supporting Avison Young in Bulgaria, the Czech Republic, Hungary and Romania also regarding internal communication within the firm. She will also be still managing marketing & PR activities of the Polish branch of Avison Young.
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