Speedwell has signed a €21.5 million financing agreement with Intesa Sanpaolo Bank Romania for the residential component of Queens District, its mixed-use development in northern Bucharest.
The financing will support 237 apartments designed for living and long-term investment within a scheme combining residential, office, retail and publicly accessible amenities.
"Queens District is a project designed with the type of discipline the market needs: a strong location, a clear mixed-use concept, solid technical standards and a development structure built around transparency. The new legal framework reinforces principles that have always been part of the way Speedwell develops," said Yannick van de Parre, Country Manager Romania at Speedwell. "The financing reflects Intesa Sanpaolo Bank Romania's commitment to supporting the transition to a sustainable urban environment and to financing developers who incorporate rigorous energy efficiency criteria and Breean standards," said Denisa Guberna, Head of Corporate at Intesa Sanpaolo Bank Romania.
Alongside the residential buildings, the project will include around 23,000 sqm of office space and 2,500 sqm of retail and services. The office component has already attracted Strabag as general contractor and first anchor tenant, with the company set to relocate its Bucharest headquarters there under a long-term lease.
The first two residential buildings will include 147 of the 237 planned apartments, with one to four bedrooms. The development is scheduled for delivery in Q1 2028.
