Investments total EUR22 million, out of the overall EUR160 million budget earmarked for the entire projects.
At present, the developer has completed works for the first two buildings, made up of 228 units.
Located on a five-ha land plot, the compound will include ten buildings totaling 800 housing units.
Over the last two years, the real estate developer has completed Record Park, a mixed-use project with 236 apartments and approximately 15,000 square meters of commercial properties in Cluj-Napoca, the first two buildings of the Triama Residence compound, the first two buildings, part of Phase 1 of The Ivy project, and MIRO, the Class A office building offering 23,000 sqm of office spaces in Bucharest. In Romania’s western city of Timisoara, Speedwell created another urban regeneration project, called PALTIM, which is a compound consisting of 236 apartments, a Class A office building and retail spaces. The project is located on the site of a former factory, near the River Bega. In 2022, the company also launched its first industrial project, called Spaceplus, which offers storage spaces for small and medium-sized enterprises (SMEs).
(English version by Catalina Apostoiu)