Banca Transilvania is supporting the development of the largest shopping park in Transylvania, URBANO Shopping & Living, with a financing of over 16 million euros. This URBANO Group project will transform, starting next year, the town of Floresti (Cluj County) into a shopping and entertainment hub.
With a total investment of over 100 million euros, URBANO Group will contribute to the growth of the local community through accessibility, mobility and environmentally friendly solutions. Due to its location, URBANO Shopping & Living will have a proximity audience of over 150,000 people.
“We support Romanian companies that invest in sustainable development, and URBANO Group is an example in this respect, with which we have a very good collaboration for over 15 years. We are glad to have the opportunity to contribute again – by supporting URBANO Shopping & Living – to the development of Cluj and the local community. In addition to its immediate impact in the community, such a project has the potential to develop a real ecosystem around it, thus becoming a point of interest for related real estate developments in later stages,” – Cosmin Călin, Senior Executive Director Large Companies, Structured Finance and Factoring, Banca Transilvania.
“With this investment in the new business park we want to generate a representative impact for the residents of the west of the Cluj Metropolitan Area. URBANO Shopping & Living will reflect the vision and values of our team: integrated, sustainable developments, dedicated to the community. The financing granted by Banca Transilvania validates our investment principles and confirms our long-term partnership for the success of the project,” – Alexandru Șerban, co-founder, URBANO Group.
URBANO Shopping & Living will mean shopping and entertainment attractions on an area of 25 hectares: DIY store, cash & carry hypermarket, supermarket, furniture and decoration, clothing, footwear, health and beauty, sports, electronics, toys, coffee shops, drive-in restaurants, office spaces and event halls.
The largest business park in Transylvania will generate over 500 jobs during its realization and beyond.