Could you share the origins of Forty Management and its envisioned future, considering your 15 years on the market?

Forty Management stemmed from my co-founding of PAZO Group, a key importer in Romania’s ceramic and sanitary ware industry. This experience cultivated a deep understanding of real estate, shaping Forty’s inception. Our aim was to introduce national premieres with every project, marked by their quality of living. Looking ahead, we envision focusing on mixed-use projects to best deliver this superior living experience.

You mentioned “national premieres.” Can you expand on the distinctive features incorporated in your buildings?

Take Central District 4 Elements, for example, featuring a rooftop running track, outdoor cinema, barbeque, and Wi-Fi. Unlike conventional developers who often meet market demand, we consistently exceed it by providing additional amenities. Understanding clients’ unspoken desires—community, relaxation, etc.—guides our approach. Collaborating with top-notch professionals ensures flawless project delivery.

Could you elaborate on Central District Lagoon City, its unique aspects, and the timeline for its completion?

Central District Lagoon City epitomizes self-sustainability, housing its utilities within the project. Although we’ll be connected to urban utilities per regulations, we’ll primarily rely on our internal utilities. My introduction to the Crystal Lagoons concept in the USA six years ago inspired this groundbreaking mixed-use project, aiming for completion by next spring and accommodating 2500 residents by 2025.

Has the thriving residential sector during the pandemic affected your business strategies?

Our model is distinct, relying on a predetermined roadmap rather than market fluctuations. Client satisfaction propels our ventures; ensuring a solid 20% growth within initial years underscores our #SmartDevelopment philosophy. Notably, some properties have even doubled in value, exemplifying our commitment to quality.

Is Romania perceived as a high-risk market? What hurdles do developers encounter here?

Challenges revolve around authorities and limited financing options. The market’s perceived risk stems from the difficulty in implementing larger projects due to weak infrastructure, hindering investment in projects exceeding EUR 100 million. It’s crucial to break this cycle by attracting larger investments, and there are promising shifts in this direction.

Looking ahead, what are your primary goals in the next two to three years?

Each of our projects carries a distinct symbol, representing unique offerings. Future goals include developing Romania’s tallest, most luxurious residential tower near Miorita Fountain. Post this endeavor, our focus shifts to expanding the Crystal Lagoons concept across cities like Budapest, Warsaw, and Prague, leveraging its scalability and franchise potential.