RRG secures €7.8 million funding for resi project in Bucharest

Business Forum
Real estate developer RRG Real Estate Group has signed a €7.8 million financing agreement with tbi bank to complete the first stage of the Lakeside11 residential complex in northern Bucharest.

This tranche is part of a total estimated investment of €60 million for the entire project located on the banks of Străulești Lake.

The first phase of the project, currently under construction, involves a €20 million investment and comprises three buildings with a total of 105 apartments. Completion is scheduled for Q1 2027.

Units in blocks B2 and B3 are 83% and 57% sold, respectively. In December 2025, the developer expanded the offering by launching building B1, which adds 35 apartments to the portfolio.
In recent years, the Sisești and Străulești Lake area has developed at a rapid pace, with new residential projects being launched constantly, according to the developer.

RECOMMENDED
Romanian mortgage market grows 6.4% with regional shifts
Real estate

Romanian mortgage market grows 6.4% with regional shifts

Over 92,100 mortgages were tabulated in Romania in 2025, up 6.4% compared to the previous year, with Bucharest, Ilfov, Timiș and Cluj being the areas where the largest numbers of mortgage loans were granted, according to a market analysis by online broker Ipotecare.ro.

Northern Bucharest to continue to drive resi demand
Real estate

Northern Bucharest to continue to drive resi demand

Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.

Residential developers need to be flexible
Real estate

Residential developers need to be flexible

The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.

RECOMMENDED FROM THE HOME PAGE
Finance

IFC to acquire 10% stake in Romanian pension firm Carpathia

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.

Industry

Electric cars registrations in Romania up to 26% during April 2026

New car registrations in Romania increased by 2.7% in April compared to the same period in 2025, while electrified vehicles reported a 26% increase and a 68% market share, according to preliminary data from the Association of Car Producers and Importers (APIA).

Economy

Romania's trade deficit drops 9.3% in Q1

Romania's trade deficit fell 9.3% to €7.7 billion in the first three months of 2026, down €792.1 million compared to the same period in 2025, according to data published by the National Institute of Statistics (INS).

READ MORE
Business Forum  |  11 May, 2026 at 6:00 PM
Business Forum  |  11 May, 2026 at 5:30 PM