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

Business Forum
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.

RECOMMENDED
Retail deliveries in Romania fall 15% in 2024
Real estate

Retail deliveries in Romania fall 15% in 2024

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

Ahold Delhaize completes Profi acquisition in Romania
Real estate

Ahold Delhaize completes Profi acquisition in Romania

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  18 June, 2025 at 7:04 PM
Business Forum  |  18 June, 2025 at 5:30 PM