News Article Banca Transilvania Bucharest Cosmin Călin nZEB Quartier Azuga Romania STC Partners
by Property Forum | Residential

STC Partners has obtained a bank loan of €10 million from Banca Transilvania for the construction of the second phase of its Quartier Azuga residential project in Bucharest.

Recently, the company kicked off the development of the second phase, with a total investment value of over  €15 million. This phase includes three buildings with 115 apartments. At the same time, the developer is a few months away from delivering the residential units in the first phase.

“Our further investment in the development of this new green residential community underscores our belief in the project's quality and its contribution to the Bucharest landscape and life quality,” said Cosmin Călin, Executive Director of Large Corporate at Banca Transilvania.

The project’s residential units have received Green Homes pre-certification and meet nZEB standards.