Tuesday, 24 March 2026
The real estate developer STC Partners is delivering the Quartier Azuga project, a residential complex that has been sold at a rate of nearly 90%.
The second phase of the project has already received the completion certificate and is currently in the process of delivering residential units, while the first-phase community moved into their new homes at the end of 2024. The development and construction of the Quartier Azuga project began at the end of 2022, with approximately 10% of the total 236 new apartments still available.
“We are in the process of fully delivering our Quartier Azuga residential complex and are very proud of how the entire project has turned out. Although we experienced delays compared to the initial delivery timeline, both our plans and those of our clients were adapted along the way, in the context of the additional floor authorization process, which caused several months of delay, as well as unfavorable weather conditions during autumn and winter,” stated Roxana Steiner, Partner & COO of STC Partners.
“This new community, together with the delivery of the Quartier Azuga project, brings significant added value to the Dna Ghica-Colentina-Tei area. We are very pleased to have contributed to this through the development of a sustainable and durable project, whose initial estimated investment exceeded EUR 20 million by more than EUR 5 million,” stated Adi Steiner, Partner & CEO of STC Partners.
Upon full delivery of the second phase, the developer will also repay the bank financing obtained from Banca Transilvania, amounting to EUR 10 million, which supported the development of this final phase of the Quartier Azuga project.
