STC Partners secures EUR 20 mln financing from Banca Transilvania for Quartier Ferdinand

Real estate developer STC Partners has obtained financing of EUR 20 million from Banca Transilvania for the development of the Quartier Ferdinand residential complex, located in the center of Bucharest.

Quartier Ferdinand, developed on a 4,400 sqm plot, is the first residential project in Bucharest to be pre-certified as a ZEB (Zero Emissions Building). The complex offers 170 apartments, street-level retail spaces, exclusively underground parking, a unique rooftop recreation area, and a children's playground.

“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 central Bucharest. Trust in STC Partners’ projects guarantees a sustainable vision successfully implemented by a results-driven team that delivers homes on time,” stated Adi Steiner, Managing Partner at STC Partners.

Launched in the fall of last year, Quartier Ferdinand has already sold over 50% of the entire project. Quartier Ferdinand, which will require a total investment of over EUR 35 million, is currently under development and is expected to be completed in the last quarter of next year.