Speedwell starts sales for PALTIM apartments, its new project in Timisoara

Speedwell has launched sales for the first residential building of the PALTIM project, offering 123 apartments out of a total of 236. PALTIM is a mixed-use ensemble featuring residential, office and retail components. Phase 1 of the project will include a residential building with a height regime of P+6+7R and 123 apartments, from studios, to 2, 3, and 4-room apartments. The residential units are estimated to be delivered in March of 2024. The project is located in western of Romania, Timisoara. Developed on the old premises of the hat factory with the same name, PALTIM is an urban regeneration project. Speedwell will conserve the historical and cultural heritage of the location by refurbishing a monument villa and a section of the former hat factory. The villa will host office spaces and a restaurant, while the second building will be transformed into a café.
"We are excited to launch PALTIM. This is a special project for us since it’s the first one we are developing in Timisoara. The historical location also adds to its value. Through PALTIM, we aim to bring back a part of this place’s history by creating a neighborhood where a community can grow and also contribute to this area’s development,” states Didier Balcaen, CEO and Co-Founder at Speedwell.