Forty Management eyes opportunities in Poland and Czech Republic

Romanian developer Forty Management is looking to buy land in Poland and the Czech Republic for new mixed-use project investments under the Central District Lagoon City brand.

The company owns the Crystal Lagoons license – which allows the development and the operation of large man-made lagoons, with crystalline water, at low maintenance costs – for Bucharest, Budapest, Warsaw and Prague and is negotiating at this moment new locations in Milan and Lago di Garda.

“2022 is the year when Forty Management reached the third stage of development and becomes a real estate company, a company that administrates financial investments in the real estate field. For the next period, our priority is to implement the scalable project Central District Lagoon City in Bucharest, following a €120 million investment,” said Lucian Azoiței, CEO of Forty Management.

Central District Lagoon City includes a 5 stars hotel operated by a 5-star international hotel, with 343 rooms, 401 apartments to rent, 9.200 sqm of commercial spaces, 8,500 sqm of offices, a 10,000 sqm lagoon with 3,200 sqm white sand beach, restaurants, gym, beach bar and sky bar, kinder garden, and many other facilities. In Bucharest, the mixed-use project will be developed on a land plot of 40,000 sqm.