Libra Bank extends EUR 36.5 mln financing to Bucharest residential project HORIZON CITY
HORIZON CITY, the residential project developed by British investor Ghai Sant Ram in northern Bucharest, has secured EUR 36.5 million in financing from Libra Internet Bank. The total investment exceeds EUR 130 million.
Radu Dumitrescu · Journalist
· Updated · 2 min read
HORIZON CITY, the residential project developed by British investor Ghai Sant Ram in northern Bucharest, has secured EUR 36.5 million in financing from Libra Internet Bank. The total investment exceeds EUR 130 million.
The financing provides the necessary resources for the building process independently of the pace at which advance payments are collected from buyers under pre-sale agreements. As such, it will allow for the acceleration of construction works, with full project completion targeted for the first half of 2027, six months earlier than initially announced, according to a press release.
