tbi bank is providing a 7.5 million euros financing facility, granted for a 24-month period, to Astorium Construct Investment, a developer active on the Bucharest residential market since 2018, to support the second phase of the Astorium Life project in the Pallady area. The facility has a 24-month maturity, with full repayment of the principal at maturity.

The project has an estimated total value of over 70 million euros and will comprise six residential blocks with approximately 640 apartments, of which the first two blocks, totaling 242 apartments, have already been completed.

The financing will support the continuation of works for the next four residential blocks, which include around 400 apartments and have already reached a sales or pre-sales rate of approximately 65%. These four blocks serve as the bank’s collateral and as the source of repayment for the financing.

Construction costs for the four blocks amount to approximately 28.15 million euros, of which 11.65 million euros has already been invested from the developer’s own funds and advances collected within the project. The remaining 16.5 million euros will be covered through the 7.5 million euros financing provided by tbi bank and approximately 9 million euros from the developer’s own sources.

Astorium Construct Investment recorded total revenues of over 121 million lei, equivalent to approximately 24 million euros, in 2025 and operates under the Astorium brand. Its portfolio includes two residential projects developed in the Pallady area, comprising 13 residential blocks, more than 1,000 apartments and a cumulative value of over €100 million. The developer also has experience in the logistics segment, having completed a warehouse in the same area of Bucharest between 2022 and 2024.