Speedwell secures financing for industrial project in Bucharest 

Property developer Speedwell has secured financing from Alpha Bank Romania for SpacePlus, its first industrial development located in north-western Bucharest.

The project spans 10,000 sqm and offers a range of storage unit sizes to accommodate the needs of different businesses.

“Our long-term goal is to transform SpacePlus into a nationwide network by developing new locations in Bucharest and in other cities across Romania. We hope our cooperation with Alpha Bank Romania will develop, as well and turn into a long-term successful partnership,” said Natalia Sarpi, Speedwell’s CFO.

Construction works for SpacePlus, which began in November 2021, were completed in August 2022.

The developer’s portfolio includes office, residential and mixed-use schemes in Bucharest and regional cities.