Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.
The six-storey C8 building will feature 45 apartments, ranging from studios to four-room units (44–128 sqm). The completion of construction works is estimated for the end of 2026, with the handover of the apartments scheduled for the second quarter of 2027.
Spread across more than 5 hectares, The Ivy will ultimately include ten residential buildings and over 800 apartments, designed as a gated community with facilities such as a restaurant, kindergarten, and fitness center. Two buildings have already been delivered, while the third building has been completed and will be delivered this autumn. Building C8 will also target the Green Homes certification from RoGBC.
"At Garanti BBVA, we are committed to financing projects that combine economic performance with sustainability. The Ivy is an example of how residential developments can bring long-term value to both the community and the environment," stated Bilge Demirer, Deputy General Manager, Enterprise Banking Area, Garanti BBVA Romania.
The Ivy has evolved into one of the most sought-after residential projects in Bucharest. More than 70% of the apartments in Building C5 were purchased last year through referrals from existing residents. "The launch of C8 is a milestone, enabling us to meet the demand for homes with a real sense of community. With Garanti BBVA's support, we remain confident in delivering comfort, sustainability, and lifestyle at the standards," said Mădălina Arsene, Sales Manager at Speedwell.
