Fribourg Development puts EUR 20 million for first phase of Cluj technology park

Newsroom 16/11/2011 | 13:18

Fribourg Development has alloted EUR 20 million for developing the first phase of the Liberty Center Technological Park. The project will transform the former Libertatea plant in Cluj into an office, residential and public space.

The 45,000 sqm space dedicated to the project is located close to the Cluj city center. The first two stages of the Liberty Center Technological Park are expected to be functional within three years. They entail the development of office spaces with a dedicated surface of 22,000 sqm, including the area dedicated to SMEs. The public space in the project will include exhibition centers, sports centers, food & beverage areas, and a medical center. The green areas in the project are expected to stand at 17,000 sqm, while the residential area should take up 2,000 sqm.

“The Liberty Center Technological Park project came from the idea of intervening in the Cluj landscape in a profound way, of changing the essence of the place in a positive way,” explained Ion Sturdza, president of Fribourg Investments.

Fribourg Development is a subsidiary of private investment fund Cyprus-based Fribourg Investments.

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