The contract was awarded to Meindhardt Group, one of the world’s largest engineering firms, has an estimated value of EUR2.8 million and an implementation period of eight months.
“We invited engineering, project management and design firms from around the world to participate in the selection process. We received bids from companies as far away as Australia to America, which shows the global interest in this development, as well as our ability to aggregate an international way of working,” says Lucian Azoitei, CEO Forty Management
Lagoon City is a large-scale mixed-use project with a residential component of 290 apartments, an 8,000 square meter gross lettable area office building, 7,800 square meters of retail space and a five-star, 300-room hotel built around an 18,000 square meter beach lagoon. The project is being implemented under an exclusive Crystal Lagoons license.
Meinhardt Group is one of the world’s largest engineering firms, with a portfolio of landmark projects such as Dubai Mall, The Address Hotel in Dubai, Marina Bay Sand and Gardens by the Bay in Singapore, with over 65 years of experience in large-scale complex projects.
Forty Management’s portfolio includes Central District Cuza 99, Central District 4 Elements, Central District Viitorului 134, Central District Lagoon City and Central District Royal Suites, either completed or under development.
The company was founded by Lucian Azoitei and Tudor Baditescu. Currently, the Azoitei family owns 88.5% in it Tudor Baditescu, 11.5%.
(English version by Loredana Fratila-Cristescu)