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
Romanias retail market hits 5 million sqm milestone
Real estate

Romania's retail market hits 5 million sqm milestone

Romania's modern retail market exceeded 5 million sqm in 2025, following deliveries of approximately 190,000 sqm of new retail space, around 20% above the five-year average, according to Colliers' annual report.

Prime Kapital gets construction permit for resi project in Iași
Real estate

Prime Kapital gets construction permit for resi project in Iași

Prime Kapital has obtained the construction permit for the first phase of its new residential project in Silk District: Loom. This represents the fourth stage of the urban regeneration project in Iași, developed on the site of a former silk factory.

Romanias retail space hits 5 million sqm milestone
Real estate

Romania's retail space hits 5 million sqm milestone

Romania's modern retail market continues expanding, surpassing 5 million sqm of leasable retail space in 2025, according to Colliers data. The approximately 190,000 sqm delivered this year consolidated a stock heavily concentrated in Bucharest and five other counties, which together account for almost half of the total. However, Romania remains below regional peers in retail space per capita, indicating potential for further development.

RECOMMENDED FROM THE HOME PAGE
Real estate

BT finances Hampton by Hilton Venice hotel with €50 million

Banca Transilvania, Romania's banking leader, has completed its largest cross-border financing to date with a €50 million loan for Hampton by Hilton Venice Isola Nuova. The loan, provided through BT Italia branch, refinances the hotel's development costs.

READ MORE
Business Forum  |  31 March, 2026 at 8:23 PM
Business Forum  |  31 March, 2026 at 5:45 PM