Speedwell prepares EUR 130 million mixed-use project in Pipera

Real estate developer Speedwell is preparing a mixed-use real estate complex, with offices, apartments, medical clinics and a hospital of the Regina Maria Medical Network, on the land it bought last year in the Pipera area.

Speedwell bought the 28,500 square meter plot of land from Atlas Corporation, on which there were 10 buildings, mainly warehouses, for an estimated price of around EUR 14 million. The existing buildings on the land were demolished earlier this year and the permit process for a mixed urban complex began.

Almost half of the land, 13,371 square meters, is reserved for the construction of the fourth hospital in Bucharest of the Regina Maria medical network, plus a building that will house medical clinics.

On the other half of the land, Speedwell is preparing to build two interconnected office buildings with a cumulative area of 23,500 square meters and 3 residential buildings with 250 apartments, with a combined development value of EUR 130 million.

Source: Profit.ro