Speedwell has appointed Răzvan Enache as Executive Director of Development in Romania. In his new role, he will coordinate development strategy, planning and stakeholder engagement, and contribute to identifying new opportunities in the Romanian market. The appointment coincides with the company advancing several complex projects in key Romanian cities, including TINO in Brașov, the regeneration of the former 1 IUNIE textile factory site in Timișoara, and the large-scale mixed-use project CityZen in Bucharest.
The new Class A warehouse project dedicated to SMEs has moved into its final stage of development, with construction works underway. Early access is planned for March 2027, while the project is scheduled to become fully operational in May 2027.
Didier Balcaen, CEO of SPEEDWELL Development, talked to Property Forum about the company's €2 billion Romanian portfolio and the transition toward "quiet luxury" in residential. He highlighted that selective financing now rewards future-proof projects with measurable energy performance.
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.
Strabag has been chosen as general contractor for the residential and office buildings of Queens District and is starting work on site, with completion slated for Q1 2028. Once completed, Strabag will relocate its Bucharest headquarters into the development, on a surface of around 4,600 sqm.
Speedwell and Strabag have signed a construction contract for the development of Queens District, a mixed-use project in northern Bucharest. Strabag will serve as general contractor for the office and residential buildings and will relocate its Bucharest HQ to the project under a long-term lease agreement.
Property developer Speedwell has launched Glenwood Estate, a residential compound in Corbeanca, near Bucharest, with the total investment value estimated to exceed €135 million.
Property developer Speedwell has completed and handed over the third building within The Ivy residential complex located near Băneasa forest, in northern Bucharest.
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.
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.
IPSO Agricultură, a subsidiary of the French group Monnoyeur, will lease a 2,300 sqm space in the Spaceplus Chitila industrial project, owned by Speedwell.
Didier Balcaen, CEO and Co-Founder of SPEEDWELL, talked to Property Forum about the company's strong development pipeline in Romania and the trends shaping the local residential and commercial real estate market.
Speedwell Development has appointed Maria Jianu as its new Leasing Director, tasked with growing the tenant portfolio and strengthening strategic partnerships for projects such as Queens District, SpacePlus and Paltim.
Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.
Hili Properties, the real estate arm of Hili Ventures, has successfully secured the remaining 25% shareholding of the company which owns the MIRO office building in northern Bucharest.
All buildings completed last year have been awarded class A energy performance certificates. Over 50% of projects have already been evaluated for climate change risks.
Speedwell Polska, the new division of Speedwell, has made its debut in Poland with the acquisition of a 2,290 sqm plot jointly owned by BPI Real Estate Poland and Acteeum.
Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania.
Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
