Banca Transilvania is providing a EUR 20 million financing facility to real estate developer One United Properties.

The investment loan is intended for the completion of the residential component of One Cotroceni Park in Bucharest. The development comprises almost 870 apartments, as well as offices, retail and leisure areas, with panoramic views of the Cotroceni Palace, the Botanical Garden and the Palace of Parliament.

The residential units at One Cotroceni Park have received Green Homes precertification from the Romania Green Building Council. Green buildings offer a number of benefits for future residents, including high energy performance in line with nZEB (near zero energy) principles, renewable energy sources, environmentally friendly materials and green spaces.

One Cotroceni Park is the first phase of One Cotroceni City, a sustainable urban development project that will cover more than 10 hectares.

More details here.