Libra Internet Bank provides €35m for Bucharest resi project

Romania’s Libra Internet Bank is providing €35.5 mln in funding for the sixth phase of the Exigent Plaza Residence project, located in western Bucharest. 

Exigent Plaza Residence 

Developed by Exigent Park, this phase will consist of five buildings comprising a total of 738 apartments.
Exigent Plaza Residence is situated on Timișoara Boulevard, offering convenient access to shopping centers, educational facilities, and recreational areas. Phase 6 will offer a range of residences, including studios and apartments with two, three, and four rooms, as well as both underground and above-ground parking. Residents will benefit from on-site amenities such as commercial space, a kindergarten, a playground, and ample green areas.
Exigent Plaza Residence is being developed by Exigent Park, which is part of Exigent Development, a major real estate developer in Bucharest. Exigent Development is owned by Start Priority Holding, Alfa Group, and entrepreneur Daniel Niculae.
Cristina Mahika-Voiconi, general manager of Libra Internet Bank, said: “The financing provided by Libra Internet Bank for the expansion of Exigent Plaza Residence highlights our objective to support the Real Estate sector, through partnerships with real estate developers who deliver solid residential projects and who bring added value to the community. Therefore, we are happy to contribute to the implementation of the vision of Exigent Development, one of the most ambitious real estate companies in the Capital”.
Mihai Măcelaru, CEO of Alfa Group, added: “We thank the Libra Internet Bank team for the trust placed in our project, Exigent Plaza Residence. The financial involvement for the sixth phase not only supports the development of this complex, but also reflects a shared commitment to deliver sustainable projects, relevant to the community and aligned with the highest standards of quality and transparency”.