Romanian developer STC Partners has secured bank financing from Banca Transilvania for the first phase of Quartier Azuga residential project in Bucharest worth €6 million.
The company will initially develop two buildings with 93 apartments that will be completed in the first half of 2024.Around 30% of the apartments in the first phase have already been sold.
“The financing approval gives us even greater confidence in the market in which we operate, and not only that, because these are positive signs for the overall economy,” said Adi Steiner, Managing Partner of STC Partners.
STC Partners has previously delivered a boutique residential complex in Bucharest.
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