Forty Management opens Lagoon Park Bucharest following 33 million euros investment

Forty Management has announced that Lagoon Park Bucharest – Europe’s first Public Access Lagoon (PAL) project, will open on June 12. The company says the transformation of an industrial urban landscape into an urban beach involved an investment of 33 million euros.

“Lagoon Park Bucharest is the first artificial urban beach in a European capital, offering an idyllic escape from the urban life dynamics and a balanced mix between technology and nature. Lagoon Park is the transformation of a 40,000 sqm former abandoned industrial platform into a green urban oasis, including a 10,000 square meter turquoise lagoon with an average depth of 2 meters, 11,000 sqm of white sandy beaches, 1,150 sun loungers and umbrellas, 2 restaurants, 280 public parking spaces, a Lexus car showroom and countless other facilities, from water sports to our own radio station, LagoonRadio,” said Lucian Azoiței, CEO of Forty Management.

“Given the fact that we have identified unprecedented business opportunities throughout Europe, we couldn’t have thought of a better partner than Forty Management to take the innovations of Crystal Lagoons further and penetrate several European markets with our crystalline lagoons. Their experience in innovative and sustainable projects, in addition to their highly successful approach to create exclusively green developments, has resulted in this long-term partnership. I am confident that our collaboration will be extremely fruitful in the next decades and will build vibrant communities in some of the most amazing European cities, with positive impacts on their economies and leisure tourism”, added Jean Pierre Juanchich, Crystal Lagoons’ Global Business Director.

Forty Management’s portfolio currently includes eight Lagoon City mixed-use projects and 11 Public Access Lagoon projects to be developed in six other countries – Hungary, Czech Republic, Poland, Italy, France and Spain, plus three luxury hotels with a total of 702 rooms – Radisson Lagoon and Central District Hotel – Crest Collection in Bucharest, along with the Swisshotel Hotel in Lagoon City Budapest.