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Forte Partners to develop Aviatiei Park following 12 million Euro funding from Banca Transilvania

Local real estate developer Forte Partners will develop the residential project Aviatiei Park after a funding of 12 million Euro from Banca Transilvania.

2017-12-06 13:57:37

Aviatiei Park, located in the Aviatiei - Barbu Vacarescu area, will include 352 de apartments and studios in four buildings. The first phase of the project comprises 176 apartments to be completed in January 2019. The total investments in the development of the residential project is about 37 million Euro.

"The financing institutions are willing to lend to developers with a very good record and projects that are thoroughly planned," said Geo Margescu, CEO and founder of Forte Partners. "The decision to test on the residential segment the business model we were successful with on the office market was a good one and Aviatiei Park is a perfectly planned project for the Barbu Vacarescu office area where thousands of people who need to cross the city daily are working."



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