Banca Transilvania is granting a new green financing of EUR 20 million to STC Partners for the development of the Quartier Ferdinand residential complex in the center of Bucharest, according to Business Review.
Quartier Ferdinand is the first ZEB (Zero Emissions Building) pre-certified residential project in the capital. Developed on 4,400 square meters of land, it comprises 170 apartments, street retail spaces, underground parking lots, children’s playground, etc. Energy is provided exclusively by photovoltaic panels and heat pumps included in the construction of the complex.
“We are pleased to be part of the development of the first zero-emission residential project in Bucharest, Quartier Ferdinand, and to contribute to the formation of a new community in the center of Bucharest. We appreciate the partnership with STC Partners and the fact that it has raised the standards in the real estate industry by focusing on customer comfort, sustainability and environmental responsibility”, said Cosmin Călin, Senior Executive Director Large Companies, Structured Finance and Factoring at Banca Transilvania.
“The partnership signed with Banca Transilvania reconfirms the quality of the Quartier Ferdinand residential complex and represents an excellent opportunity for the sustainable development of the center of Bucharest. Confidence in STC Partners’ projects is the guarantee of a sustainable vision, successfully implemented by a team focused on results and on-time delivery of housing”, stated Adi Steiner, Managing Partner at STC Partners.
Launched last fall, Quartier Ferdinand has so far transacted more than 50% of the entire project, with a completion date of the end of 2026.
Banca Transilvania financed another STC Partners project in 2024: a EUR 10 million loan for the expansion of Quartier Azuga in Bucharest.
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