Prime Kapital secures €20 million financing for resi development in Iași

Business Forum

18 June, 2025 at 3:05 PM

Prime Kapital has secured a €20 million financing facility from Garanti BBVA for the third phase (residential) of its Silk District urban regeneration project in Iași.

Construction is underway, with over 65% of residential units already sold. Structural works are anticipated to conclude by the end of Q3 2025, and homes are expected to be delivered to new owners by mid-2026.

This phase represents a total investment of approximately €36 million and will add apartments, commercial spaces, parking, and integrated storage units to the project.

Upon completion of the third phase, Prime Kapital will have delivered nearly 1,050 new homes in Silk District since Q3 2023.

The Silk District project spans nearly 10.1 ha and already features extensive green spaces, integrated EV charging infrastructure, multi-storey parking solutions, and a business hub spanning over 23,000 sqm, operational since 2023.

Prime Kapital is also advancing development for a new residential sub-phase within the Silk District master plan, with construction estimated to begin in Q4 2025.

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