Speedwell starts construction of mixed-use project in northern Bucharest

Business Forum
Speedwell has entered the development stage of Queens District, a mixed-use project in northern Bucharest. The development will deliver 237 apartments and 22,500 sqm of zero-carbon offices.

Construction began in December 2025 on the first two residential buildings comprising 147 apartments and a 22,500 sqm Class A office building. Currently, 40% of available units in the first two residential buildings have been sold or reserved, with 70% of purchases made by investors.

"Queens District is designed for investors who look beyond the present and stands out as one of the most reliable and profitable real estate investments of the moment," said Yannick Van de Parre, Country Manager of Speedwell. The project combines residential, office, and retail spaces in proximity to Bucharest's business district, educational institutions, and medical centres.

The development features apartments with 1-4 bedrooms, premium finishes, underfloor heating systems, and individual heat pumps. The office component comprises two 7-floor buildings with floor areas ranging from 1,150 to 3,100 sqm and 282 parking spaces, already obtaining Breeam Excellent certification. The building will operate with zero carbon emissions and generate up to 40% lower operating costs for tenants.

"The premium location, just a 10-minute walk from the Aviatorilor subway station and Promenada Mall, guarantees a sure increase in value over time," noted Mădălina Arsene, Sales Director at Speedwell. All ground-floor commercial spaces in Building C were sold within one week of the sales launch.

RECOMMENDED
Star Invest appoints ex-BVB CEO as CFO
Real estate

Star Invest appoints ex-BVB CEO as CFO

Star Residence Invest, the first investment platform listed on the Bucharest Stock Exchange (BVB) dedicated to the real estate sector, has appointed Adrian Tănase as CFO.

Hils Development launches €200 million mixed-use project near Bucharest
Real estate

Hils Development launches €200 million mixed-use project near Bucharest

Romanian developer Hils Development has announced the launch of Hils Nord, the seventh project in the company's portfolio with a total investment value of €200 million. The new development marks Hils Development's expansion from eastern Bucharest towards the northern area and continues the strategic direction of portfolio diversification through middle premium developments.

Nhood partners with Reuben Brothers for major mixed-use project in Timișoara
Real estate

Nhood partners with Reuben Brothers for major mixed-use project in Timișoara

Nhood Romania has announced a partnership with Reuben Brothers to transform the former Solventul industrial platform in Timisoara. The 45-hectare site, with a history dating back to 1869, will be converted into a primarily residential area with integrated retail, office, service, and public amenities.

Speedwell boosts financing for resi complex in Bucharest
Real estate

Speedwell boosts financing for resi complex in Bucharest

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.

Market beat: How large office tenants gain leverage in Bucharest
Real estate

Market beat: How large office tenants gain leverage in Bucharest

Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.

RECOMMENDED FROM THE HOME PAGE
Energy

Simtel Team appoints new CEO

Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.

Industry

Romania's public administration seeks shared service centres

The Romanian government has adopted an emergency ordinance for administrative reform that officially recognises what specialists have long signalled: public administration is oversized, fragmented and financially unsustainable, according to an opinion by PwC Romania experts Dinu Bumbăcea and Cristian Cortez.

READ MORE
Business Forum  |  9 March, 2026 at 6:07 PM
Business Forum  |  9 March, 2026 at 5:02 PM