The collaboration between Libra and Scala Development started in 2017 and has now reached the third project supported by the bank.
Scala Development, established in 2015, is one of the leading real estate developers in Cluj-Napoca and part of the Ax Perpetuum group of firms held by entrepreneur Dan Pitic.
The residential complex will have 376 apartments, including two-level duplexes, 460 underground parking places and 2,500 square meters of green areas, as well as retail spaces covering a total of 4,100 sqm.
The building meets the nZEB (nearly Zero Energy Building) standards.
“The collaboration with Scala Development is a natural fit, in line with our strategy to finance projects relevant to the future of Romania’s major cities,” stated Cristina Mahika-Voiconi, General Director of Libra Internet Bank.
Scala Development’s portfolio includes two finalized residential projects with a total of 310 apartments, three ongoing projects, a shopping center, an industrial hall and several other real estate projects in various nascent stages.
Scala Development ended 2024 with a turnover of RON8 million and profit of RON5 million, as per finance ministry data.