SPEEDWELL is continuing its strong partnership with Garanti BBVA by signing a new agreement with the purpose of financing the third building of THE IVY, the premium residential project located close to Baneasa Forest. The current loan equals EUR 13.6 million.
SPEEDWELL will also extend its collaboration with RoGBC (Romania Green Building Council), Garanti BBVA’s partner for the Green Home initiative.
The construction works for the third building have already started, while 40 percent of the available apartments have been sold since the launch of the new stock of units.
THE IVY is SPEEDWELL’s residential project situated in the northern part of the capital, on Jandarmeriei street. Spread out over five hectares of land, the project includes 10 buildings with a P + 6 height regime that feature a total of 800 units.The third building will consist of 128 units, that range from 54 sqm to 121,6 sqm. Additionally, the new building will display 173 parking places.
“Great projects are never built alone. We are grateful for the continuous collaboration with our partners as our projects are the result of common effort and dedication. Garanti BBVA has been on our side from the very beginning of THE IVY project, providing loans of almost 30 million euros. Sustainability is a core component of our development, and we are thankful to continue to attract green financing from partners with whom we share the same values. We would like to thank Garanti BBVA for trusting us, and we are looking forward to building an even stronger relationship while building projects for the future,” said Didier Balcaen, CEO and CO-Founder SPEEDWELL.
