The first phase will be delivered at the end of 4Q 2013 and involves the reconversion of the existing buildings in class A BOMA office space, a café and a restaurant with a total area of 8,772 sq. m. For this phase it is scheduled also the completion of the green area works. The first tenants will also benefit from events venues, conference halls, fitness room, multifunctional sport fields, parking places, bicycle tracks and racks, children playgrounds. The second phase of the project will be delivered in the second quarter of 2014 and includes 13,412 sq.m of A class office space and an area designated for retail. Liberty Technology Park is developed on a plot of land of more than 45,000 sq. m, near Cluj-Napoca city centre. The first two phases of the project targets the reconversion of the former furniture factory Libertatea and involves an initial investment of EUR 20 million. Liberty Technology Park Cluj is a project developed by Fribourg Development, the real estate division of Fribourg Investments, owned by the Romanian businessman Ion Sturza. The final project will feature 8 buildings to be finalized in 3 phases. Liberty Technology Park Cluj will receive green certification and it is currently a Platinum member of Romanian Green Building Council. The park will include an area of 13,239 sq. m consisting in green area, sports facilities on 405 sq. m and parking places on 7, 096 sq. m. Another 695 sq. m of the projects are designated for a lake that will complete aesthetically the landscape. The construction works schedule is extending on a 3 years period. The selling campaign started in February and the investors estimate that the first tenants will move in January 2014. Through its services and facilities, Liberty Technology Park Cluj addresses to the IT&C and R&D companies. Liberty Technology Park Cluj is one of the most important projects developed by Fribourg Development, the investment fund owned by the businessman Ion Sturza, next to the online bookstore which turnover reached EUR 3.6 million in 2012 and Romaltyn mine in Baia Mare, involving an initial investment of EUR 20 million. (source: Liberty Technology Park Cluj )