Friday, 27 March 2026
Real estate developer RRG Real Estate Group (RRG) has signed a financing agreement with TBI Bank worth EUR 7.8 million for the finalization of the first phase of the Lakeside11 residential project, located on the shores of Lake Străulești in the capital.
The first phase of Lakeside11, involving a EUR 20 million investment, comprises three buildings with a total of 105 apartments and is currently under construction, with completion scheduled for the first quarter of 2027. Window installation and roofing works have already been completed, while both internal and external finishing works are currently in progress. The construction works are being carried out by Consstar Construct SRL.
“The project’s original business model, developed under the #InvestWithRRG financial solution and structured around staged construction financing aligned with client payment schedules, has consistently demonstrated its effectiveness. We extend our sincere appreciation to our clients for their trust and continued commitment.
Following recent legislative changes, we have promptly adapted by introducing bank financing to ensure the project’s successful completion and delivery as planned. At the same time, we have revised the payment conditions, establishing a minimum advance of 10%, ” stated Pavel Kodzik, President RRG Real Estate Group.
“We are pleased to support the development of the Lakeside11 project and to partner with RRG Real Estate Group on this residential investment in Bucharest. At tbi bank, we continue to support projects that contribute to the development of modern urban communities and respond to the growing demand for quality housing in the capital”, said Alexandru Cosma, VP Banking for Partners.
RRG Real Estate Group announces strong sales performance within the Lakeside11 project. In Blocks B2 and B3, launched at the very beginning of the development, sales have already reached 83% and 57% respectively. The total investment in the Lakeside11 project amounts to EUR 60 million.
