The total value of the project is estimated at 94 million euros.
SPEEDWELL, one of the leading real estate developers in Romania, will soon launch sales for GLENWOOD ESTATE, a new premium villa project near Bucharest, in Corbeanca. The construction works are estimated to break ground in 2024 and the first units are set to be delivered early 2025.
GLENWOOD ESTATE will offer a total of 209 villas, 50 of them to be built in Phase One. The initial stage of the project will require a 21 million euros investment, while the total value is estimated at 94 million euros. The new development presents a unique approach as it aims to protect biodiversity from within the complex and from the surroundings.
Located in, Corbeanca, a privilliged area surrounded by greenery, the ensemble will be developed on a 14-hectare land plot that has direct access and visibility to the Ostratu Lake, just a few kilometeres away from the Capital. The GLENWOOD ESTATE concept includes a mix of premium standalone villas, with low height regime that enjoy wide gardens and are surrounded by green views. Thanks to its proximity to the community formed here, the GLENWOOD ESTATE residents will have access to existing facilities, such as kindergartens, convenience stores, public parks, pharmacies, restaurants, and other services, part of the Corbeanca commune.
“We are excited to extend our residential portfolio nearby Bucharest, in Corbeanca, by building GLENWOOD ESTATE, a project for families and professionals that yearn for a quiet and natural environment close to the busy life of the capital city. The new complex of villas will be swiftly integrated within the existing community and this comes with access to a wide selection of facilities and open green areas. All villas will have direct access and openness to the Ostratu Lake, which adds tremendous value to the life of the future residents. We are starting the sales for the new homes and we are confident to deliver the first ones in 2025.”, said Didier Balcaen, CEO and Co-Founder of SPEEDWELL
The GLENWOOD ESTATE villas will be built on plots of 322 to 557 sqm, with net surfaces ranging from 141 to 220 sqm, with 4 to 5 rooms. The villas will benefit from top-quality materials, following a high-end design and finishes, with soft, natural colours, fit for the natural surroundings. Due to the fact that the backbone of the community is already created, GLENWOOD ESTATE will predominantly be a residential development. The villa plots come with dedicated parking spaces for residents, along with additional parking available for visitors. More supporting facilities, such as sports area and restaurant and kindergarten will be integrated in later stages.
“After having launched our 2022 Sustainability Report, articulated by a consistent Sustainability Strategy, our future developments will take into consideration actions that support the mission we set for ourselves in this direction. One of our most ambitious goals is to achieve carbon neutrality by 2050 and GLENWOOD ESTATE is one of the projects that will be developed under this new criteria. The strong sustainability component is aligned with our goals as a developer, as well as with the inherit characteristics of the area surrounding the new premium residential project, next to the lake, in the Corbeanca area, that offers accessibility, at the same time, to important amenities in the proximity of Bucharest’s suburbs.” said Jan Demeyere, Architect and Co-Founder of SPEEDWELL
The concept of the new development is in line with one of SPEEDWELL’s main goals, that of improving the health and well-being of residents and communities. GLENWOOD ESTATE will be further developed under the Green Homes standards. Similar to all SPEEDWELL’s projects, the concept has been created with the community’s well-being in mind, displaying a high degree of comfort, besides the sustainability component. In this direction, GLENWOOD ESTATE inhabitants will enjoy premises that have been designed to both reduce impact on the environment, while creating an efficient system for the utility costs. This will be achieved by installing photovoltaic panels, heatpumps, re-use of rainwater, and other alike features. Protecting the nature around and limiting the project’s impact on the environment are the two core principles the company has vouched to respect from the beginning of the project.
SPEEDWELL completed and has in different stages of development more than 10 large projects at national level, such as RECORD PARK in Cluj-Napoca, PALTIM in Timisoara, MIRO, THE IVY, TRIAMA, and SPACEPLUS in Bucharest. The company has also started the sales for another premium development situated in the nature-loved heart of Bucharest, THE MEADOWS, the second project for which the company will employ net zero carbon initiatives to protect the natural beauty within the city, as well as the surrounding biodiversity.
SPEEDWELL has a large portfolio of developments in Romania that includes RECORD PARK in Cluj-Napoca, TRIAMA Residence, The IVY, MIRO, THE MEADOWS, CITYZEN, and SPACEPLUS in Bucharest, GLENWOOD Estate in Corbeanca, PALTIM and another recently announced project in Timisoara, and RIVERSIDE City in Ramnicu-Valcea.
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