Harvard University behind takeover of Liberty Technology Park in Cluj-Napoca

An investment fund controlled by Harvard University is the investor that purchased, alongside US company White Star Real Estate, the Liberty Technology Park business centre in Cluj-Napoca from Moldovan investor Ion Sturza, Ziarul Financiar reported.

Ion Sturza, former deputy general manager of Rompetrol group and former prime minister of the Republic of Moldova, closed, on September 27, the sale of Liberty Technology Park to US real estate company White Star Real Estate, which operated in partnership with “the investment fund of a US university”, according to Romania-Insider.com.

The estimated value of the deal was EUR 40 million, Profit.ro reported. The project includes 18,000 sqm of former industrial spaces, converted to offices, and land for further development.

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