ARTICLES LABELLED WITH TAG Forty Management

News Ascott hotel chain to enter Romania
09
May
2023

Ascott hotel chain to enter Romania

by Property Forum
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.  
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News Forty Management gets green certification for Bucharest project
13
Mar
2023

Forty Management gets green certification for Bucharest project

by Property Forum
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. 
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News Forty Management eyes expansion in Warsaw, Prague 
22
Nov
2022

Forty Management eyes expansion in Warsaw, Prague 

by Property Forum
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. 
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News Forty Management sells commercial spaces in Bucharest
16
Nov
2022

Forty Management sells commercial spaces in Bucharest

by Property Forum
Romanian developer Forty Management has sold commercial spaces covering 1,200 sqm in three Bucharest-based projects for €3.3 million, excluding VAT.
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News Forty Management fully sells Bucharest resi project
09
Nov
2022

Forty Management fully sells Bucharest resi project

by Property Forum
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. 
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News Forty Management sells out €25 million project in Bucharest
17
Mar
2022

Forty Management sells out €25 million project in Bucharest

by Property Forum
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.
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News Forty Management secures €65 million loan for Bucharest project
16
Feb
2022

Forty Management secures €65 million loan for Bucharest project

by Property Forum
Romanian developer Forty Management has secured a syndicated loan worth €65 million for a new mixed-use project in Bucharest. 
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News Forty Management expects revenues of €80 million in 2022
31
Jan
2022

Forty Management expects revenues of €80 million in 2022

by Property Forum
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).
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News Forty Management to build Romania's highest residential tower
13
Jan
2022

Forty Management to build Romania's highest residential tower

by Property Forum
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. 
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News Forty Management plans new residential projects worth €310 million
25
Nov
2021

Forty Management plans new residential projects worth €310 million

by Property Forum
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. 
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Latest news


New leases

  • Coci E-Motion, a Polish electric bicycle manufacturer, leased over 4,200 square meters of space within City Logistics Warsaw IV in Annopol by Pannatoni. Cushman & Wakefield advised Coci E-Motion during the negotiations.
  • Another brand from the CCC Group portfolio has joined the tenants of Galeria Sudecka in Jelenia Góra. The new CCC store will occupy 725 sqm of space. Customers can also do their shopping at the new Rossmann drugstore (450 sqm).
  • The EPP-owned Galaxy shopping centre in Szczecin is strengthening its offer by developing its partnership with HalfPrice. The relaunched showroom now has a wider assortment and larger floor space - about 3,200 sqm.

New appointments

  • Daniel Rutkowski joined Walter Herz Investment Advisory Department, currently consisting of six people, and took the position of Development Manager. He will be responsible for searching for and acquiring investment projects, developing investment potential analysis and building the value of real estate.
  • Dariusz Proniewicz has joined MDC2's team of experts to take on the position of Development Director BTS, with responsibility for the development of BTS investments.
  • Karol Czupryński has joined the management board of Empik. He will take the position of Chief Commercial Officer. Czupryński has previously worked at Allegro, Procter & Gamble and Boston Consulting Group, among others.


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