Los Angeles – December 1, 2016 – BCEG International Investment US, Inc, has acquired a 3-acre, fully entitled land in Woodland Hills, CA. The property is entitled multi-phased, with a 274-unit apartment building for phase I, and a 12-story office tower for phase II. BCEG International Investment US is currently working on project design and construction permits.
“We’ve been doing business in San Fernando Valley, especially Warner Center since 2010. We have witnessed great transitions taken place in this neighborhood, and have seen emerging market demands for new apartments and offices. The delivery of 6041 Variel will be a critical supplement to stratifying the ever-increasing needs for modern living and working in the Warner Center neighborhood. ” said Tingting Han, General Manager of BCEG International Investment US.
Located within the thriving Warner Center neighborhood, the Property benefits from being near major arteries like US-101 and CA-27, as well as three destination shopping malls: The Village at Westfield Topanga open air center, Westfield Topanga regional mall, and the to-be-redeveloped Westfield Promenade. In addition, 6041 Variel is located within walking distance to over six million square feet of office space, and numerous shopping, dining and hotel amenities.
“Huge potential has been revealed” said David Mao, EVP of Development at BCEGI, “We will continue pursuing other investment and development opportunities in this area.”