tbi bank is providing REDESIGN with €7.85 million in financing over 24 months to complete the first buildings in the second phase of the Stejeriș project in Brașov, located on Calea Poienii, the main road connecting Brașov and Poiana Brașov. The loan, repayable in full at maturity, will support construction of seven boutique residential buildings with 46 apartments, already at an advanced stage and expected to be completed by the end of 2026. The value of this phase is estimated at €26 million, with approximately 60% of apartments already pre-sold.
"We focus on partnerships with developers that have experience, a clear vision and a proven ability to deliver projects relevant to the market, and Stejeriș fits these criteria well," said Marius Constantinescu, Head of Business Banking Sales at tbi bank Romania.
REDESIGN began as an architectural practice before entering the local residential development market in 2013. Its relationship with tbi bank began in 2020, when the developer secured two financing facilities for the first phase of Stejeriș, both repaid in full. "Our partnership with tbi bank, which began during the first phase, has consistently provided us with flexibility and a financing structure tailored to the project's actual needs," said Ionuț Guțiș, Managing Partner at REDESIGN.
Phase two is being developed on a site of over 15,000 sqm and will comprise 11 boutique buildings with 81 residential units ranging from two to five rooms, with green spaces accounting for over 50% of the site. The first phase, delivered between 2018 and 2022, comprised eight buildings following an investment of approximately €17 million and was fully sold. The remaining four buildings in phase two are scheduled for completion by mid-2027.
At the beginning of 2026, tbi bank entered a new stage of development following its acquisition by Advent International, with $100 billion in assets under management.
