The acquisition comes shortly after Tudor bought the Inscut site on Strada Preciziei in Militari neighborhood in the west of the city. Liviu Tudor also owns the Prefabricate Vest site near the West Gate complex in the same part of Bucharest.
Liviu Tudor’s Genesis Properties, which owns the West Gate office complex and Novo Park in Pipera, bought the 6.3-hectare site to expand the West Gate Business District, while the Inscut site will most likely be used for residential development.
Dragos Bilteanu announced in the spring of 2018 that the plan was to start work via H4LDevellpment on the West Garden residential project on Iuliu Maniu Boulevard in Bucharest. The investment should have amounted to EUR30 million for the first phase. H4LDevelopment has six residential projects announced and uses the West Garden name for a project in Brasov, however.
(English version by Loredana Fratila-Cristescu)