Romanian residential developer Urban Spaces announced the launch of its first public fundraising campaign, seeking EUR 1.3 million for the build-to-rent component of its Urban Spaces Aviației project in Bucharest. The campaign is being conducted through Growceanu, a regulated Romanian investment platform for private companies. The funding round, open until September 30, represents 20% of the capital of the Urban Spaces BTR company and is open to both individual and corporate investors. Urban Spaces BTR is part of the mixed-use Urban Spaces Aviației development, the company's largest project to date, with an estimated value of EUR 150 million. “For the first time, we are opening up the opportunity for investors to join us in developing an Urban Spaces project through a regulated investment platform," said Gavril Zaharia, CEO and co-founder of Urban Spaces.