tbi bank is providing a EUR 7.5 million financing facility, granted for a 24-month period, to Astorium Construct Investment, a developer active on the Bucharest residential market since 2018, to support the second phase of the Astorium Life project in Bucharest's Pallady area, the bank announced. The facility has a 24-month maturity, with full repayment of the principal at maturity.  The project has an estimated total value of over EUR 70 million and will comprise six residential blocks with approximately 640 apartments, of which the first two blocks, totaling 242 apartments, have already been completed. The financing will support the continuation of works for the next four residential blocks, which include around 400 apartments and have already reached a sales or pre-sales rate of approximately 65%.