Construction works for C8 Building started in September 2025
SPEEDWELL, one of Romania’s most dynamic developers, is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within THE IVY, SPEEDWELL’s flagship premium residential project near Băneasa Forest. With this deal, Garanti BBVA’s total financing for THE IVY now reaches almost €40 million, underlining the strong and long-standing partnership between the two companies.
The six-storey C8 building will feature 45 apartments, ranging from studios to four-room units (44–128 sqm). The completion of construction works is estimated for the end of 2026, with the handover of the apartments scheduled for the second quarter of 2027.
Spread across more than 5 hectares, THE IVY will ultimately include ten residential buildings and over 800 apartments, designed as a gated community with modern facilities such as a restaurant, kindergarten, and fitness center. Two buildings have already been delivered, while the third building has been completed and will be delivered this autumn. Building C8 will also target the Green Homes certification from RoGBC, continuing SPEEDWELL’s focus on sustainability.
“At Garanti BBVA, we are committed to financing projects that combine economic performance with sustainability. THE IVY is a strong example of how modern residential developments can bring long-term value to both the community and the environment. Our ongoing partnership with SPEEDWELL reflects our belief in supporting forward-looking projects that improve people’s quality of life,” stated Bilge Demirer, Deputy General Manager, Enterprise Banking Area, Garanti BBVA Romania.
THE IVY has evolved into one of the most sought-after residential projects in Bucharest, boasting a community that combines successful entrepreneurs, professionals, and public figures. More than 70% of the apartments in Building C5 were purchased last year through referrals from existing residents, proof of the trust and satisfaction it inspires.
“The launch of C8 is an important milestone, enabling us to meet the strong demand for premium homes with a real sense of community. With Garanti BBVA’s support, we remain confident in delivering comfort, sustainability, and lifestyle at the highest standards. Over the past years, THE IVY has grown into a vibrant neighbourhood where trust and recommendations from existing residents play a decisive role. We are confident that C8 will follow the same success, offering future homeowners the quality, long-term value, and lifestyle they are looking for,” said Mădălina Arsene, Sales Manager at SPEEDWELL.
Nationally and internationally recognized for its quality and sustainability, THE IVY has received Excellent scores from BREEAM and Green Homes and awards such as Best Residential Project Under Development (Investing in Property Gala 2021) and Best Premium Residential Development of the Year (CIJ Awards 2022).
SPEEDWELL recently celebrated its 10th anniversary on the Romanian market, being named Best of the Best Overall Developer in CEE at the 2025 HOF Awards by CIJ. Its portfolio includes mixed-use, office, retail, industrial, residential, and student housing projects in Romania and Poland, such as RECORD PARK in Cluj-Napoca, TRIAMA Residence, THE MEADOWS, MIRO, CityZen, and SpacePlus in Bucharest, GLENWOOD Estate in Corbeanca, PALTIM in Timișoara, MILESTONE Warszawa Mokotow in Warsaw, SPEEDWELL’s first student housing project, or a +500 units premium residential development in Gdansk.
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About SPEEDWELL
This year, Speedwell celebrates ten years on the Romanian market, as one of the most active real estate developers, with a prominent presence both in Bucharest and in other regional cities such as Cluj, Timișoara, Râmnicu Vâlcea and Brașov. The company’s portfolio includes today approximately 160,000 sqm of office and retail space, over 5,500 apartments, and 23,000 sqm of industrial space, with a total project value estimated at approximately 2 billion euros. Since June 2024, Speedwell has expanded its operations in Poland, targeting a development portfolio to match its Romanian one.
For the next period, Speedwell is preparing the launch of mixt-use project QUEENS District to be delivered in Q1 2027, the development of the CityZen project, currently in the permitting phase, and is advancing construction work on GLENWOOD ESTATE, a new premium villa residential ensemble in Corbeanca, and 2nd phase design for THE MEADOWS, an exclusive project located on the shore of Grivița Lake.
In Bucharest, the company has completed the first two phases of the TRIAMA Residence, the first three buildings, of THE IVY residential complex, the first phase of THE MEADOWS, and MIRO, the Class A office building.
In the western part of the country, in Timisoara, Speedwell is developing PALTIM, a mixed-use urban regeneration project next to the Bega River, and preparing to launch the construction works for a new real estate development located on the former 1 IUNIE S.A. textile factory site.
In the industrial & Logistics segment, the company has completed SPACEPLUS West and started groundworks on the SPACEPLUS East development.
In recent years, Speedwell delivered RECORD PARK in Cluj and is currently expanding to Brasov, another important regional city in Romania.
In Poland, SPEEDWELL is delivering MILESTONE MOKOTOW WARSAWA — a 575-bed purpose-built student accommodation project designed for energy efficiency and social inclusivity in Warsaw—and a +500-unit premium residential development centered on green mobility and community integration in Gdańsk.
About Garanti BBVA Romania
The bank Garanti BBVA is part of the Garanti BBVA Romania Group, along with Garanti BBVA Leasing and Garanti BBVA Fleet Management, which complement the bank’s offering with specific leasing products and fleet management services. In 2023, the bank celebrated twenty-five years of active presence within the Romanian banking system.
In 2025, Garanti BBVA Romania’s 100% online loan was named winner in the “Voted Product of the Year 2025” competition, in the Personal Loans category, following a consumer survey that assessed perceived innovation, attractiveness, purchase intent, and overall satisfaction.
Garanti BBVA România is owned by Garanti BBVA Turkey (TGB), the second-largest private bank in Türkiye, having as majority shareholder, the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).
For further information and to stay tuned, please visit http://www.garantibbva.ro, and follow the:
• facebook.com/GarantiBBVARomania
• https://www.instagram.com/garantibbva_romania/
• linkedin.com/company/garanti-bbva-romania
• youtube.com/c/GarantiBBVARomania.
For further information:
Răzvan Ionescu
Marketing Manager SPEEDWELL ([email protected], 0745208891)
Ioana Oprescu
Senior PR The Public Advisors ([email protected])