Forty Management estimates a RON 397 million turnover in 2022

Forty Management estimates a RON 397 million turnover in 2022

Forty Management SA, a real-estate mixed-use developer in Bucharest, estimates for 2022 a turnover worth 397 million and a net profit in value of 188 million lei, according to the budget approved by the company’s management last week.

The revenues generated by sales on the residential segment are estimated at 394,6 million lei, while those related to rents, at 2.4 million lei. The company is also considering investments amounting 155 million lei.

“In 2022 Forty will step into its 3rd stage of development and we anticipate a fast, sustainable growth and diversification. This year we will finalize and deliver Central District Viitorului 134 and start the construction works for Central District Lagoon City, our scalable urban regeneration mixed-use project. Therefore, we expect a significant increase in revenues generated by sales and rents related to these projects. We forecast investments worth 155 million lei, destinated solely to the development of Central District Lagoon City”, states Ana Hogea, Executive Director of Forty Management.

Revenues related to rents are estimated to reach 2,4 million lei in 2022, as a result of full lease of the commercial components still available in Central District Cuza99, Central District 4 Elements and Central District Viitorului 134.

 

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