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Speedwell launches apartment sales for PALTIM, its newest mixed-use project in Timisoara

Speedwell launches sales for the first residential building of the PALTIM project, offering 123 apartments out of a total of 236. PALTIM is a mixed-use ensemble featuring residential, office and retail components.

Located in Timisoara, PALTIM introduces a new work and live concept, by combining premium apartments, office and retail spaces, as well as two historical buildings that are going to be refurbished.

Developed on the old premises of the hat factory with the same name, PALTIM is an urban regeneration project that will give back the city’s residents an important historical spot. The unique location near the Bega River, together with the state-of-the-art design and high-quality materials contribute to creating a one-of-a-kind neighbourhood.

In close vicinity to one of the biggest parks of Timisoara, Central Park, and within walking distance from the city centre, PALTIM offers easy access to many points of interests in the city and outside of it.

Furthermore, the ensemble features various functions, such as residential with two buildings and a total of 236 apartments and an office one, completed by retail spaces. Speedwell will also conserve the historical and cultural heritage of the location by refurbishing a monument villa and a section of the former hat factory. The villa will host office spaces and a restaurant, while the second building will be transformed into a café.

PALTIM will be built with sustainability in mind, aiming to obtain the BREEAM Excellent rating for the office component, and respecting the nZEB standards, by using superior quality materials for thermal insulation, as well as renewable energy systems. Sustainability and high building standards are a common theme for all Speedwell developments.

We are excited to launch PALTIM. This is a special project for us since it’s the first one we are developing in Timisoara. The historical location also adds to its value. Through PALTIM, we aim to bring back a part of this place’s history by creating a neighbourhood where a community can grow and also contribute to this area’s development.”  states Didier Balcaen, CEO and Co-Founder at Speedwell.

Phase 1 of the project will include a residential building with a height regime of P+6+7R and 123 apartments, from studios, to 2, 3, and 4-room apartments. The residential units are estimated to be delivered in March of 2024.

 

About Speedwell

Speedwell has a large portfolio of developments in Romania that includes Record Park in Cluj-Napoca, Triama Residence, The Ivy , MIRO and SpacePlus in Bucharest, Paltim in Timisoara, and Riverside City in Ramnicu-Valcea.

For further information, please contact:

Octavian Matache, Commercial Director at Speedwell
+4 (0) 747 494 217
[email protected]

 

ESG Report 2022