Tuesday, 5 May 2026
F.B.R. Towers SRL, part of the Fri-El Group, has obtained a €24 million loan from UniCredit Bank to support the development of the Ateneo Timișoara project.
The scheme is located in the northern part of Timișoara, close to the University of Agronomy and Veterinary Medicine and approximately one kilometre from the future IKEA store. The project is planned as a large-scale residential complex complemented by commercial, leisure and service functions.
The developer estimates a total investment of more than €80 million. The scheme is expected to deliver around 1,300 apartments alongside a range of amenities.
