Speedwell kicks off last phase of resi project in Bucharest

Business Forum
Speedwell has started the construction of the last building of its Triama Residence project in Bucharest.  

The building comprising 61 apartments will be completed following an investment of €9 million. In the first two phases, the developer delivered 134 apartments. 

“With the addition of solar panels and nZEB-standard energy efficiency, this next building is designed to not only lower costs but also reduce the carbon footprint. We believe in delivering more than just properties; we are shaping communities that reflect our commitment to a greener, more connected future," says Jan Demeyere, architect and Co-founder of Speedwell. 

The company's portfolio includes today approximately 150,000 sqm of office and retail space, over 6,000 apartments, and 23,000 sqm of industrial space, with a total project value estimated at approximately €1.5 billion.

RECOMMENDED
Prima Development starts phase two of resi project in Bucharest
Real estate

Prima Development starts phase two of resi project in Bucharest

Romanian developer Prima Development Group has started construction on phase two of the Prima Astera residential complex, the first high-end project in western Bucharest built to nZeb standards. The new phase includes a building with 197 apartments, 234 parking spaces and a kindergarten with over 600 sqm of usable space for future residents' children and neighbourhood families. The gross development value for phase two amounts to €30 million, with delivery estimated for November 2027.

Prima Development acquires new land plot in Bucharest
Real estate

Prima Development acquires new land plot in Bucharest

Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.

RECOMMENDED FROM THE HOME PAGE
Economy

Romania's budget deficit drops to 5.72% on 10 months

Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.  

Agriculture

Agroland opens two new stores with €350,000 investment

Romanian entrepreneurial group Agroland, active in retail, agribusiness, food production and animal nutrition, continues its expansion strategy by opening two new stores in Mega format in Odorheiu Secuiesc and Orăștie. With these openings, the Mega network reaches 36 units nationwide.

Energy

Over 27% of Romanians interested in buying heat pumps

Although heat pump technology for heating and cooling is increasingly present in public discussions, the actual level of knowledge and usage remains low in Romania, according to research conducted for the despre-energie.ro platform, a project by E.ON and Delgaz Grid companies.

READ MORE
Business Forum  |  27 November, 2025 at 7:13 PM
Business Forum  |  27 November, 2025 at 5:35 PM