Company officials said “Speedwell is currently striving to get the zoning approval for CityZen, a massive project on Bucharest’s Calea Grivitei (Griro) area that is expected to change and improve the living standard for the present and future inhabitants by developing apartments, office buildings, serivices, restaurants, spaces for cultural activities, for food market, craft shops, extended public spaces, parks, running lanes, kindergartens, public parks and leisure spaces,”.
The company’s plan is to turn the former industrial site into one of the largest mixed-use projects in northern Bucharest.
The plan for this plot of land is to build a residential project, Glenwood Estate, which will deliver a mix of 210 standalone premium villas, with reduced height regime, large residential spaces and with extended gardens in a preponderantly green environment and offering a wide range of existing faci¬lities. The first properties will be put up for sale this summer, in July.
In terms of acquisitions, the company has recently bought a 14-hectare plot of land with direct access and visibility to Lake Ostratu, in Corbeanca, close to capital city Bucharest.
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).
In 2023, Speedwell has started sales for the third building of The Ivy premium residential project located in northern Bucharest. In the eastern part of Bucharest, the real estate developer is set to start works on the third phase of the Triama Residence project. In June 2023, the company plans to start sales for The Meadows, a compound offering modern housing units with reduced height regime on the shore of Lake Grivita, in the Bucurestii Noi area.