The park will have a surface of 45,000 square meters, and it will include office buildings and residential buildings.
The first stage of the project will be complete in 2012, according to Ion Sturza, president of Fribourg Development. The park will be entirely complete within three years.
The furniture plant’s production lines will be moved to another unit near Cluj-Napoca.
Fribourg Development is a subsidiary of Cyprus-registered Fribourg Investments, owned by Sturza. Fribourg Development holds a 90% stake in the Libertatea furniture plant.