News Article Andreea Păun BREEAM Cluj-Napoca Griffes Liberty Technology Park Romania White Star Real Estate
by Property Forum | Office

Liberty Technology Park is one of the first technological parks in Romania, currently hosting a vibrant IT ecosystem. The 17,000 sqm office compound has been acquired by White Star Real Estate and its partners in 2019, planning to create a true mixed-use project, harmoniously blending the existing business community with new complementary areas. The first phase will include two residential buildings, currently under construction, followed by a separate building designed for a kindergarten and three office buildings, with generous retail spaces on the ground floor. Real estate consultancy company Griffes will oversee the commercial and leasing strategy of the project. 

Apart from the residential phase that is already under construction and will include 268 residential units to be delivered in 2023, White Star Real Estate is planning to launch the next phases of the development which will imply a total investment of €75 million. The projects will be erected on available land of 20,000 sqm and will include 32,000 sqm of office space within three buildings, a kindergarten and 5,000 sqm of commercial facilities.  

Designed on the site of the former furniture factory Libertatea, Liberty Technology Park reinvented its identity by converting the industrial heritage and creative energy into a contemporary technological hub. Currently home to Siemens, Capgemini, IBM and Majorel, the compound is predominantly occupied by internationally renowned tech and R&D centres.  

“Liberty Technology Park is pioneering the conversion of a former industrial area into a modern urban area designed to address diverse needs of living, working and entertaining. In a few years, people will discover in this place a new face of Cluj-Napoca, becoming one of the landmark destinations of the city. White Star Real Estate is one of the leading players on the CEE real estate market, with a proven track record in the redevelopment of former industrial sites. Our vision and international experience combined with the knowledge and enthusiasm of the local professionals represent the main competitive advantage and essential condition for a glamorous project,” says Emilian Bălan, Managing Director of Liberty Technology Park and Country Partner of White Star Real Estate Romania. 

Liberty Technology Park is located in the north of Cluj-Napoca, in a developing area of the city, less than ten minutes' driving distance from the Old Town.  

The office component will provide flexible office solutions, offering floor plates from 800 to almost 4,000 sqm, catering to the needs of small and medium companies but also of people-intensive organizations. The project will be built in accordance with the sustainable development criteria and will be BREEAM certified. 

Real estate advisory firm Griffes has been appointed as the leasing agent for Liberty Technology Park, reconfirming its interest and exposure to regional cities.  

“We are eager to capitalize on the knowledge we have gained after more than 4 years of working in regional cities, especially Cluj-Napoca, and to partner with White Star Real Estate in their endeavour to move the project forward. The new investor will bring a specific touch to the area and the proven success of the off-plan residential sales shows the area is gaining more and more traction. I am personally happy to promote a project that makes a great example of blending a rich past with state-of-the-art new architecture,” stated Andreea Păun, Managing Partner of Griffes.  

Griffes shall provide a complete suite of services designed to tailor-make the commercial real estate strategy for Liberty, from design advice to leasing and pro-active commercialization efforts and communication to the clients and community.