Major regeneration project in Cluj-Napoca secures largest loan for a new real-estate development in Romania

RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD).

Thanks to the loan, Cluj-Napoca will see the transformation of an industrial site into its largest mixed-use urban regeneration project. The development features 132,500 square meters of Gross Lettable Area commercial and entertainment space, through the consolidation and conversion of two historical buildings into a performing arts center, office space, and interactive family entertainment centers.