Radisson Hotel Group was selected to be the operator of the hotel component in the Central District Lagoon City, developed in Bucharest by Forty Management. The Radisson Lagoon Hotel Bucharest is planned as the first of several such branded co-operations across the globe.
The Ascott Limited (Ascott), one of the world's biggest hospitality owners and operators with a presence in over 260 cities, will enter Romania following an agreement with local developer Forty Management. The planned hotel in Bucharest will be operated by the luxury brand The Crest Collection.
Romanian developer Forty Management has obtained the Green Homes certification from the Romania Green Building Council (RoGBC) for its District Viitorului 134 mixed-use project based in Bucharest.
Romanian developer Forty Management is looking to buy land in Poland and Czech Republic for new investments of mixed-use projects under the Central District Lagoon City brand.
Romanian developer Forty Management has sold out the Central District Viitorului 134 residential project, one month before construction completion. The Bucharest-based complex has a gross development value of €12.8 million without VAT.
Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.
Romanian developer Forty Management expects a turnover of 397 million lei (€80 million) and a net profit of 188 million lei (€38 million) in 2022, while total investments in residential projects across Bucharest will reach 155 million(€31.3 million).
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.
Outlet Lublin has signed up three new brands from the VRG Group: Bytom, Wólczanka and Vistula, which leased a total of nearly 430 sq m of retail floorspace. Cushman & Wakefield is responsible for the commercialization of the outlet.
CPI Property Group has signed leases for nearly 4,000 sqm in the myhive Mokotów One office building managed by the group. General contractor Aldesa Polska will move into the building and will occupy an area of over 1.4 thousand sqm. Moyers Arnaudow Świąder Kancelaria Adwokacko-Radcowska will expand its office twice. The space occupied by the firm will reach 445 sqm. Europ Assistance Polska will remain in the office building for longer - the lease agreement for an area of over 1.3 thousand sqm has been extended by one year. MDSap IT company will also continue its cooperation with CPIPG. The company's office occupies 626 sqm.
Port Lotniczy Gdańsk has signed an agreement with BBK, which owns the home&you and Essex brands, to lease over 3,600 sqm of space in the Alpha Airport City Gdańsk office building.
New appointments
Amarilla Cseke has been promoted to the role of Leasing and asset Director at Skanska's commercial development business unit in Hungary. She is responsible for the creation of the company’s leasing strategy of office and retail spaces and asset management, as well as for the cooperation with tenants and leasing business partners.
Anna Vondrackova has joined the team of REassurance company as Senior Transaction Advisor in Prague. She has a solid background as a real estate lawyer and brings strong legal knowledge.
In September, Michal Berski took up the position of head of the warehouse sector at CBRE Poland. He has been with the company for over 10 years. In his new role, he manages strategy and the development of all business lines within the warehouse and industrial sector.
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