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Nov 20, 2023 16:48 EEST
November 20 (SeeNews) - Romanian real estate developer Speedwell said on Monday that it is investing an estimated 94 million euro ($102.6 million) in a residential villa complex in Corbeanca, near the capital Bucharest.
Construction of the complex, called Glenwood Estate, is expected to start in 2024, with the first units set to be delivered in 2025, Speedwell said in a press release.
The residential compound will have 209 villas, including 50 to be built in the project's first phase, worth 21 million euro.
Each villa will be built on a land plot of between 322 and 557 square metres and will have net surfaces ranging from 141 to 220 sq m, the company said. The plots will come with dedicated parking spaces for residents, along with additional parking available for visitors.
"One of our most ambitious goals is to achieve carbon neutrality by 2050 and Glenwood Estate is one of the projects that will be developed under this new criteria," said Jan Demeyere, Architect and Co-Founder of Speedwell.
Speedwell has a portfolio of developments in Romania that includes Record Park in Cluj- Napoca, Triama Residence, The Ivy, MIRO and SpacePlus in Bucharest, Paltim in Timisoara, and Riverside City in Ramnicu-Valcea.
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