Thursday, 19 February 2026
SPEEDWELL 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. THE IVY offers a mix of facilities dedicated to everyday life, lush green spaces, pedestrian walkways, and a children’s playground.
“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 investment in the development of the third building was EUR 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 EUR 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.
