Speedwell Real Estate Development has agreed to acquire two plots of land of more than 50,000 sqm from the Austrian real estate investor Immofinanz. The lands are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment.
Țuca Zbârcea & Asociații fielded a team of lawyers led by real estate partner Răzvan Gheorghiu-Testa.
“The land plots themselves will be served by facilities such as retail, relaxation and office areas in the direct vicinity. One of these office areas is represented by the new Speedwell office project located on DN1,” Didier Balcaen, general manager of Speedwell, said in a press release.
(According to the information provided by http://business-review.eu/property/speedwell-buys-two-land-plots-from-immofinanz-in-northern-bucharest-173613)