SPEEDWELL, a premium developer active in Romania and Poland, announces the completion and handover to owners of the third building developed, commercially named C5, within THE IVY residential complex, located near the Băneasa forest. Delivery consolidates this development, built with discipline and real sustainability, designed for quality living and value retention over time, while also contributing to the diversification of the offer of new apartments in northern Bucharest, reaffirming the dynamics of the apartment sales segment in Băneasa, an area that continues to attract interest both from a residential perspective and for long-term residential investments.
Developed as a gated residential community on a plot of over five hectares, THE IVY has become one of the most desired residential projects in northern Bucharest, offering a mix of facilities dedicated to everyday life, lush green spaces, pedestrian walkways, and a children’s playground. The project benefits from quick access to Băneasa Forest and to the main shopping centers in the area, offering a wide variety of retail and service options, as well as good connectivity to the city, in an efficient urban mobility model.
“THE IVY has evolved beautifully and ambitiously into a mature development that fully meets the modern living requirements of a well-established community.” adds Mădălina Arsene, Sales Manager, SPEEDWELL Development.
The proximity to the future Tokio subway station, part of the M6 line, scheduled to open in 2028, will facilitate quick access to the central areas of the city, reducing the daily time spent by residents commuting between home and office. At the same time, the project offers an alternative to the obvious congestion on the apartment market in Pipera, responding with a greener, airy and quieter proposal.
The investment in the development of the third building was €27.3 million, half of which was secured through a financing agreement with Garanti BBVA. The total budget allocated to the entire complex amounts to €160 million, the project being planned to feature over 800 apartments.
Currently at the end of the handover process, the C5 building includes 128 apartments, ranging from 54 to 121.6 square meters, and 173 parking spaces. Last September, SPEEDWELL began work on the fourth building of the project, C8, which will deliver 64 residential units, bringing the project to half of the total scheduled number of apartments. Structured on six floors, the new building also has two-, three-, and four-room apartments available, with usable areas ranging from 53 to 115.4 square meters. Construction is expected to be completed by the end of 2026, while the apartments are scheduled to be handover in the second quarter of 2027.
“A clear sign of the maturity of the whole project is that over 70% of the apartments sold in the building we’re just handing over, C5, were bought through direct recommendations from other people who already live in THE IVY community, which confirms the level of trust granted in our projects.”, says Mădălina Arsene, Sales Manager at SPEEDWELL Development. “The three buildings that have already been delivered, comprising a total of 356 apartments, contributed to establishing a strong community, with a resident profile that brings together entrepreneurs, professionals, and public figures, reflecting the project’s clear appeal and long-term relevance, both from a residential and investment perspective.” continues Mădălina Arsene, Sales Manager SPEEDWELL Development.
THE IVY – a long-term investment based on sustainability values
SPEEDWELL designed THE IVY to meet optimal sustainability requirements, in line with the company’s Environmental, Social, and Governance (ESG) strategy. The building is Green Homes certified by the Romania Green Building Council, an internationally recognized certification system that evaluates the building’s energy performance, indoor environmental quality, and impact on operating costs and resident health. The same sustainability principles and standards are also applied to the building under development.
“In addition to energy efficiency and quality of living environment, this type of accommodation offers access to more advantageous financing conditions, including through Green Mortgage programs available through partner banks.”, adds Yannick Van de Parre, Country Manager SPEEDWELL Development. “Certification means lower operating costs, efficient lighting in common areas, optimized water consumption, alternative mobility solutions, and a high level of natural light. All of this translates into a more efficient home with better long-term value.”, continues the country manager.
SPEEDWELL recently celebrated its 10th anniversary on the Romanian market, developing a diversified portfolio of mixed-use projects—offices, commercial, industrial, residential, and student housing—in Romania and Poland. These include 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, the first student housing project developed by SPEEDWELL, as well as a premium residential project of over 500 units in Gdansk.
***
About SPEEDWELL
SPEEDWELL is 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 approximately 160,000 square meters of office and retail space, over 5,500 apartments, and 23,000 square meters of industrial space, with a total project value estimated at approximately €2 billion. In June 2024, SPEEDWELL expanded its operations to Poland, with the aim of developing a portfolio like the one it has in Romania.
For the next period, SPEEDWELL continues to develop the QUEENS District mixed-use project, which is scheduled for delivery in the first quarter of 2027, and to prepare the CityZen project, currently in the authorization phase. Also, construction works is progressing on GLENWOOD ESTATE, the premium villa residential complex in Corbeanca, which will complete the first 15 houses in March 2026, as well as THE MEADOWS, the exclusive project located on the shores of Lake Grivița, for the new C8 building at THE IVY, and for the third and final building of the TRIAMA residential complex, which will be delivered to customers in the third quarter of 2026.
Also in Bucharest, the company completed the first two phases of the TRIAMA Residence complex, the first three buildings in THE IVY residential project, the first phase of THE MEADOWS project, and MIRO, the Class A office building.
In the western part of the country, in Timișoara, SPEEDWELL is developing PALTIM, a mixed-use urban regeneration project located near the Bega River, and is preparing to start construction work on a new real estate project located on the site of the former 1 IUNIE S.A. textile factory.
On the industrial-logistics segment, the company completed the SPACEPLUS West project and started construction work for the development of SPACEPLUS East.
In the last few years, SPEEDWELL has delivered RECORD PARK in Cluj, and is now expanding into Brașov, another important regional city in Romania.
In Poland, SPEEDWELL will deliver TRIBERA MOKOTOW WARSAWA in 2026 — a 14 floors project offering 656 beds in student housing specifically designed for energy efficiency and social inclusion in Warsaw — and is launching a premium residential development of over 500 units focused on sustainable mobility and community integration in Gdańsk.
For further information:
Răzvan Ionescu
Marketing Manager SPEEDWELL ([email protected], 0745208891)
Ioana Oprescu
Senior PR The Public Advisors ([email protected])