Banca Transilvania invests €20m in Bucharest's first zero-emission resi project

Romania’s Banca Transilvania is investing €20 mln in Bucharest's first zero-emission residential development, Quartier Ferdinand. 

Quartier Ferdinand

This green loan to Romanian residential real estate developer STC Partners will fund the 4,400 m2 project, which includes 170 apartments, retail space, and amenities like parking and a playground. 
Powered solely by on-site solar panels and heat pumps, Quartier Ferdinand is already over 50% sold and its total projected cost exceeds €35 mln.
Launched last autumn, Quartier Ferdinand is slated for completion by the end of 2026. 
Cosmin Călin, senior executive director Large Companies, Structured Finance, and Factoring at Banca Transilvania, said: “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.”
Adi Steiner, managing partner STC Partners, added “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 centre of Bucharest.” 
Last year, Banca Transilvania also provided STC Partners with a €10 mln loan to expand their Quartier Azuga project in Bucharest.