Belgian real estate developer resumes investments in Romania
Belgian real estate developer Liebrecht & wooD, which owns the outlet centre Fashion House in Bucharest, will re-start investments on the Romanian market.
Early 2016, will see the group start building a new commercial centre called Cernica Park, located near the Sun Highway, reports local sources. Cernica will include a DIY store, a hypermarket with its galeria, an outlet centre, clothing and accessories shops, a sports retailer and an interior design retailer. The company will build the commercial centre on a 60-hectares plot, where it also plans to develop a 2,000-apartment residential project.
The Belgian group has already developed in Bucharest the 20,500 sqm Victoria Business Park, the 77,000 sqm Militari Shopping Center and the 20,200 sqm Fashion House Bucharest.