Urbano Group secures funding for commercial park in Cluj region

Business Forum
Urbano Group has secured a financing of over €16 million from BT for the development of Urbano Shopping & Living, a new commercial project located in the Cluj metropolitan area with a total planned investment of over €100 million.

The commercial park will span 25 hectares and will host a variety of retail and entertainment attractions, along with cafes, restaurants, office spaces, and event halls.

Cosmin Călin, Senior Executive Director for Large Companies, Structured Finance, and Factoring at BT, said: "In addition to its immediate impact on the community, such a project has the potential to develop a true ecosystem around it, thus becoming a point of interest for related real estate developments in later stages."

Alexandru Șerban, Co-Founder of Urbano Group, added: "Through this investment in the new commercial park, we aim to generate a significant impact for the residents in the west of the Cluj Metropolitan Area."

The project will contribute to local economic development, generating over 500 new jobs during construction and afterwards. 

Furthermore, the integrated eco-friendly solutions include over 5 hectares of green spaces, efficient energy management, the use of renewable energy sources, and charging stations for bicycles and electric cars.

RECOMMENDED
Influential urbanist Charles Montgomery to keynote Iași summit
Real estate

Influential urbanist Charles Montgomery to keynote Iași summit

Charles Montgomery, author of Happy City and ranked among the world's 100 most influential urbanists, will be the international keynote speaker at Tilia – Romanian Cities Summit on April 23-24 in Iași. This marks Montgomery's first visit to Romania.

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