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SPEEDWELL has signed a lease agreement with Automotive Albaca, for the SPACEPLUS warehouse

SPEEDWELL, the real estate developer, announces signing a new lease with Automotive Albaca for SPACEPLUS, the industrial project located in north-western Bucharest. Automotive Albaca has rented a total surface of 1,200 sqm for a 3-year period.

SPACEPLUS, SPEEDWELL’s first industrial project is a new concept on the Romanian market. The product addresses the needs of SMEs in search of high-quality standardized storage or production units to rent, for light industrial and/or logistical usage. The units offer flexibility in configuration and extra services.

Automotive Albaca is a company that activates in the coachbuilding and bus production fields. Renting storage and production space at SPACEPLUS comes as a result of Automotive Albaca’s business expansion plan from north-eastern Romania to Bucharest. Working exclusively with Mercedes’ platform, a high proportion of their output is designated for export.

SPACEPLUS provides SMEs a total of 10,000 sqm of storage space, with units ranging from 400 to 600 sqm in surface and a clear height of 6m. The built-in modularity of the project allows tenants to rent multiple units in order to reach higher surfaces. All spaces feature sprinklers and additional services include installed heating in all units and bespoke office space fitouts for each tenant.

The warehouse is located in north-western Bucharest, close to the exit towards the A1 highway, and features direct access from the ring road, to and from the city centre.

“Through SPACEPLUS, we are offering a high degree of personalization for the leasable units. Hosting Automotive Albaca and creating a space that meets their production requirements proves the project’s high level of adaptability. After a positive answer from the market, we aim to develop more locations in Bucharest and throughout the country.” stated Jan Demeyere, Architect and CO-Founder SPEEDWELL.

Construction works for SPACEPLUS Phase 1 have been concluded in August 2022, after kicking off in November 2021.

Since its recent delivery, SPACEPLUS has been received with enthusiasm and potential clients are showing interest in what the project has to offer.

SPEEDWELL aims to transform SPACEPLUS into a nationwide brand with by setting up locations in the main cities and business hubs.

“Our collaboration with Speedwell was at its finest. We were shown understanding with every occasion and managed to find together the best solution to our company’s needs. We are happy to use SPEEDWELL as a gateway for the launch of Automotive Albaca in the south of Romania, after approximately 16 years of operation in the north” stated Radu Cozlovschi, owner of Automotive Albaca.



SPEEDWELL has a large portfolio of developments in Romania that includes RECORD PARK in Cluj-Napoca, THE IVY, TRIAMA Residence, THE MEADOWS, SPACEPLUS and MIRO in Bucharest, PALTIM in Timisoara, and RIVERSIDE CITY in Ramnicu Valcea.

For further information, please contact:

Elena Dumitru, Marketing Manager at SPEEDWELL
+4 0747 494 216
[email protected]

ESG Report 2022