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Forty Management

Forty Management is a Romanian developer of premium green mixed-use urban reconversion under Central District brand. Founded in 2015 by experienced real estate entrepreneurs Lucian Azoitei and Tudor Baditescu, Forty Management is recognized by the business community as one of the most innovative companies that initiated and promoted the ESG standards in Romania. Sustainability and energy efficiency are at the heart of the company’s developments. All the buildings developed under the Central District brand have superior certifications in this respect and Forty Management has received multiple awards numerous competitions and conferences in the field, both internationally and locally. All of Central District’s residential developments are certified "Green Homes".

Leveraging its know-how in terms of sustainability and experience in innovative real estate development, Forty Management has begun the works for its next major scale-up green urban reconversion: Central District Lagoon City. The project will implement for the first time in Central and Eastern Europe a large artificial lagoon of over 10.000 sqm and 5.000 sqm of white sandy beaches, which practically brings the sea into the city. Lagoon City will also include a 5* hotel with 323 rooms, 401 apartments for rent, commercial and residential areas, restaurants and other amenities. Lagoon City will be the first large-scale mixed-use development to meet the self-sustainability standard and a scalable project to be developed as well in Budapest, Warsaw and Prague. Forty Management is a member of the Romania Green Building Council (RoGBC), an organization that promotes environmental responsibility and energy efficiency. All Central District’s residential developments are certified "Green Homes" by RoBGC, with Central District Viitorului 134 certified as NzEB.