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.
Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the for the completion of the One Cotroceni Park residential development in Bucharest.
Horia Ciorcilă, one of the founders of Banca Transilvania, Romania’s biggest lender by assets and Evergent Investments are jointly planning the development of a residential project in northern Bucharest.
Property developer Alesonor has obtained a financing of €21 million from Banca Transilvania that will be used for the first phase of the Amber Forest project near Bucharest. The money will support the development of 294 green homes.
Property developer Anchor Grup has secured a financing volume of €80 million from Banca Transilvania that will be used to refinance the retail and office segments of the company.
Property developer Speedwell has signed a new financing agreement with Banca Transilvania and received an €8 million loan for Phase 2 that is currently under construction and the future Phase 3 of the Triama Residence project in Bucharest.
DevHub, a Romanian software development company, has solidified its presence in the Romanian market by opening two new offices, with a total area of over 1,000 sqm, located in the office buildings within the mixed-use projects Iulius Town Timișoara and Palas Iași, developed by Iulius.
ELI Parks has signed an agreement with Quehenberger Logistics for the lease of 1,703 sqm of warehouse space and 56 sqm of offices within the ELI Park Bacău project.
Cushman & Wakefield has appointed Szczepan Gowin to head its Industrial & Logistics Agency in Poland. He has over 15 years' of international experience in logistics and supply chain management.
New appointments
Garbe has named Zuzana Štěpánková as Business Development Manager in the Czech Republic. She has previously worked at iO Partners as Senior Consultant.
Romanian developer Redport has appointed Sorin Ioan Blaga as COO. In recent years, Blaga has served as CEO of Liebrecht & wooD Romania, managing real estate developments with a combined value of several hundred million euros, and as COO & Co-CEO of The Concept Group.
From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Zrt. He succeeds Andrea Róna, who had held the position since 2022.
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