ARTICLES LABELLED WITH TAG lucian-azoitei
03
Feb
2025
Feb
2025
Forty Management buys land in Spain over international push
Romanian developer Forty Management has purchased a land plot spanning 12 ha in Bormujos, a suburb of Seville, for a new urban regeneration project under the Lagoon City brand.
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16
Nov
2023
Nov
2023
Forty Management & Crystal Lagoons to invest €630 million in seven cities
Romanian developer Forty Management has announced a new partnership with Crystal Lagoons to develop man-made lagoons in seven new cities across Europe (Rome, Milan, Toulouse and Seville), with three more to be announced next.
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26
Sep
2023
Sep
2023
Radisson hotel to open in Bucharest mixed-use scheme
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.
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09
May
2023
May
2023
Ascott hotel chain to enter Romania
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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13
Mar
2023
Mar
2023
Forty Management gets green certification for Bucharest project
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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22
Nov
2022
Nov
2022
Forty Management eyes expansion in Warsaw, Prague
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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16
Nov
2022
Nov
2022
Forty Management sells commercial spaces in Bucharest
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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09
Nov
2022
Nov
2022
Forty Management fully sells Bucharest resi project
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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17
Mar
2022
Mar
2022
Forty Management sells out €25 million project in Bucharest
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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25
Nov
2021
Nov
2021
Forty Management plans new residential projects worth €310 million
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
- Impact Group posts 34% profit gain in 2025
- Prague office market faces supply crunch in 2026
- Rohlig Suus expands to 48,000 sqm at Eli Warsaw Airport
- Romanian hotel industry hits record stays in 2025
- Regional retail centres lead Romania's property investment in 2025
- Stoneweg secures 17,000 sqm of Czech industrial leases
- CPI Romania ends 2025 with 280,000 sqm of offices in Bucharest
- Veranda Mall secures €36 million refinancing from CEC Bank
- Win a CEE Property Forum ticket by participating in our survey!
- CTP leases record 2.33 million sqm last year
New leases
- Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
- mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
- GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.
New appointments
- Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
- Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
- CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.
