ARTICLES LABELLED WITH TAG Speedwell

Property developer Speedwell has signed a top up financing agreement with Garanti BBVA to back the construction of the second building of The Ivy residential project in Bucharest, taking the overall loan deal to €15 million.

Property developer Speedwell has signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. 

Property developer Speedwell says it secured the building permit for its first industrial project located in north-western Bucharest. The development of the first warehouse under the Spaceplus brand will start in the next period and should be completed by the second quarter of 2022. It will have a total leasable area of 10,000 sqm. Leasable storage space ranges from 400 to 600 sqm. 

Law firm Reff & Associates | Deloitte Legal worked with Speedwell on refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in central Cluj-Napoca. 

Property developer Speedwell has kicked off the construction of Building 2, part of the first phase of residential complex THE IVY located in Băneasa, northern Bucharest. 

Real estate developer Speedwell has completed the first building of Triama Residence project in Bucharest, comprising 66 apartments that were fully sold before the delivery date.

Real estate developer Speedwell says it has refinanced a loan granted by BRD Société Générale after the completion of Cluj-based Record Park Offices. 

Didier Balcaen, CEO of Speedwell talked to Property Forum about the company’s development plans for 2021, the value of mixed-use projects and shared his long-term expectations for the Romanian property market.

Property developer Speedwell says it has fully repaid a €10.1 million loan granted by BRD Societe Generale Group for the residential component of the Record Park mixed-use project in Cluj-Napoca. 

Speedwell, in cooperation with Belgian partner LCV, launches SpacePlus, its first project on the industrial market. SpacePlus comes with units for light industrial and/or logistical usage, addressing corporate tenants that are searching for standardized storage or production units, flexibility in configuration and various additional services/features. The first location is in north-western Bucharest, with direct access from the ring road and close to the exit towards the A1 highway on the one hand, and easy access to and from the city centre of Bucharest via Sos. Chitilei or Blvd. Iuliu Maniu, on the other.