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Building permit for The Ivy, a residential compound in northern Bucharest

Real estate developer Speedwell received the building permit for The Ivy, its residential project located in Băneasa, București. The construction works will kick off for the 228 apartments included in Phase 1, as stated in the building permit. Since launching sales, in February this year, 45% of the initial phase has been sold.

The Ivy features a total of 800 dwellings, from studios to 2, 3 and 4-room apartments located in 10 buildings with a P + 6 height regime, spread out over 5 hectares of land.

Positioned on the northern side of Bucharest, on Jandarmeriei Street, close to the Băneasa forest, the project is well connected to the city centre and business areas, with easy access towards the Henri Coandă International Airport.



The complex includes a BREEAM Excellent certification supporting health and wellbeing through sustainable buildings, while also protecting natural resources, an important principle for all the Speedwell developments. In addition, the residents living here will have access to many facilities designed for modern living, such as a restaurant, pool, kindergarten, fitness centre and shops.

The residential division of Knight Frank Romania has been the consultant for the sales strategy and is in charge of the sales process.

This is Speedwell’s second recently issued building permit in the same area. The company created a “work and life meet” concept and is developing an office building, MIRO, located in walking distance from The Ivy. MIRO offers A class office spaces with a BREEAM Excellent rating, WELL certification and various facilities.

Obtaining the building permit marks an important milestone in the evolution of the project as we are getting closer to seeing the concept become reality. We are pleased to see such a high level of interest from our residential buyers. We are certain that the concept design together with the life quality level are creating the basis for a strong and vibrant community.” states Didier Balcaen, CEO and CO-Founder at Speedwell.


Interested? Please contact:
Octavian Matache, Commercial Manager at Speedwell
+40 (0) 747 494 217
[email protected]
ESG Report 2023