Astorium Takes EUR 7.5 Mln Financing from tbi bank for Astorium Life Residential Project

tbi bank grants EUR 7.5 million financing to Astorium Construct Investment for the continuation of the second phase of the Astorium Life residential project in the Pallady area of ​​the capital.

The loan is granted for a period of 24 months and will support the development of approximately 400 apartments. The Astorium Life residential project represents an investment estimated at over EUR 70 million and will include, upon completion, six blocks with approximately 640 apartments. The first two buildings, totaling 242 apartments, have already been completed.

“Astorium Life is a large-scale project, in an area of ​​Bucharest that has grown rapidly in recent years and where the demand for modern housing remains solid,” says Marius Constantinescu, Head of Business Banking Sales, tbi bank Romania.