The company plans to invest around €6 million in the construction of 39 houses, which will be added to the existing stock of 94 houses.

The complex already includes a range of facilities for residents such as a semi-Olympic swimming pool, extensive green spaces and an educational centre.

“For us, this is an important step in consolidating the long-term vision, which positions this project as a reference destination on the residential market in the eastern area of Bucharest,” says Patrick Van Den Bossche, Founder & Managing Director of Liebrecht & wooD.

Liebrecht & wooD's local portfolio includes two outlet retail centres near Bucharest as well as an office project.