STC Partners has obtained a bank loan of €10 million from Banca Transilvania for the construction of the second phase of its Quartier Azuga residential project in Bucharest.
Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the for the completion of the One Cotroceni Park residential development in Bucharest.
Horia Ciorcilă, one of the founders of Banca Transilvania, Romania’s biggest lender by assets and Evergent Investments are jointly planning the development of a residential project in northern Bucharest.
Property developer Alesonor has obtained a financing of €21 million from Banca Transilvania that will be used for the first phase of the Amber Forest project near Bucharest. The money will support the development of 294 green homes.
Property developer Anchor Grup has secured a financing volume of €80 million from Banca Transilvania that will be used to refinance the retail and office segments of the company.
Property developer Speedwell has signed a new financing agreement with Banca Transilvania and received an €8 million loan for Phase 2 that is currently under construction and the future Phase 3 of the Triama Residence project in Bucharest.
Warsaw Court of Appeal has signed a long-term lease agreement for office space at Wola Center in Warsaw. The Court has leased 2,000 square meters in the building owned by Hines.
Four lease agreements have been signed for a total leasable area of approximately 16,000 sqm in MDC2 Park Kraków South: with Emerald clothing distributor (4150 sqm); the French publishing company Iris Galerie (4,100 sqm); AiK Tezeusz, the book re-commerce market player (3,500 sqm); and Libris, a company that manages the paper and electronic records of companies (4,100 sqm).
The law firm T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp. k. (SPCG) has joined the tenants of the Infinity office building, leasing over 350 sqm of office space. The opening of the new branch office of SPCG in the Wrocław-based office building at Legnicka 16 is scheduled for August 2025.
New appointments
Karol Klin joined the Cornerstone Investment Management team at the beginning of 2025, taking on the role of Commercial Director, Real Estate.
Sebastian Barandziak has been appointed as the new President of the Management Board of Euro Styl, a subsidiary of Dom Development Group. The existing board members, Magdalena Reńska and Jarosław Górski, have been appointed as vice presidents.
AG Capital has appointed Ivaylo Vatev as CFO. He has previously worked in management roles for Aurubis Germany and PwC.
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