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After selling more than 50% of the apartments in Phase 1, SPEEDWELL launches sales in the second Phase of PALTIM, its mixed-use project in Timisoara

SPEEDWELL announces launching sales for the apartments in the second residential building of PALTIM. Starting with today, a stock of 113 more units will be available in the mixed-use ensemble SPEEDWELL is developing on the promenade of the Bega River, in Timisoara.

With a privileged location, in the centre of Timisoara and close to the biggest parks of the city, PALTIM offers upgraded urban living for the community that is going to move here.

The project boasts many benefits, such as state-of-the-art design, high-quality materials and constructions standards and aims to create a one-of-a-kind community and neighbourhood.

Located on the Anton Seiller Street, the second building features a one-of-a-kind architecture, with retracted top-floors, apartments with gardens, quiet surroundings, yet very close to the hustle and bustle of the city. Furthermore, the apartments provide efficient layouts, floor heating, a 2.70m free height, floor to ceiling windows, and premium finishings.

Like most of the SPEEDWELL projects, the PALTIM concept is focused on sustainability. It aims to obtain the BREEAM Excellent rating for the office component, and respect the nZEB standards for the entire development, by using superior quality materials when it comes to thermal insulation, as well as renewable energy systems.

Launching sales for the second building of PALTIM marks an important milestone. We are happy to have arrived at this step, especially since the construction works are ongoing for the first building with Strabag as General Contractor. We are eager to see the concept coming together and the neighbourhood changing for the better. Through all SPEEDWELL’s projects, our goal is to actively contribute to shaping urban communities and improving the living standard through high-quality developments and this is exactly what PALTIM is – upgraded urban living in the best location of Timisoara.” states Jan Demeyere, Architect and Co-Founder at SPEEDWELL.

PALTIM is a mixed-use development the combines premium apartments with 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 also is an urban regeneration project. Two of the buildings that were part of the site, are going to be revitalized to link the project to its past heritage, while preserving and celebrating part of its history.

The sales office is located on 5 Nicolae Titulescu Street and is open for inquiries.

 

About SPEEDWELL

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