The company has recently completed construction of the Agora building in the Liziera de Lac complex, which it developed on the shore of Tataru Lake east of Bucharest.
The investment in the Agora building, which includes sales offices, co-working spaces and a gym, stands at EUR2.1 million, the company officials said on Wednesday morning.
“We continue to invest in the east of Bucharest, because we recognize a significant growth potential in this part of the capital city,” says Patrick van den Bossche, founder and managing director of Liebrecht & wooD.
The Belgian developer has invested EUR43 million in the Liziera de Lac residential complex so far, including EUR12.9 million for infrastructure and utilities. The project entails construction of 3,800 housing units over ten years, the company officials say. The first phase includes 94 homes and several community spaces and services.
Liebrecht & wooD has been operating in Romania since 2001, when it entered the market with Militari Shopping Center in Bucharest (sold in 2004). It now holds West Park Retail Militari – the first retail park in Romania to include an outlet-type center, Fashion House Outlet Center, East Park Retail Pallady (formerly Cernica Retail Park), with a second Fashion House Outlet Center, Liziera de Lac and Victoria Park office space project.
(English version by Loredana Fratila-Cristescu)