Speedwell obtained building permit for the first residential building of PALTIM project in Timisoara

Real estate developer Speedwell received the building permit for Phase 1 of the PALTIM project. The first phase will feature 123 apartments out of a total of 236.

Speedwell’s first project in the city of Timisoara, PALTIM, a mixed-use ensemble built around the Transit Oriented Development concept, combines premium apartments, office and retail spaces, as well as two historical buildings that are going to be refurbished.

Phase 1 of the project features an apartment building with a 2S+P+6+7R height regime, comprising of 123 units, from studios, to 2, 3, and 4-room apartments, estimated to be delivered in the spring of 2024. The second phase will add another 113 apartments, reaching the total of 236 units in the project.

The PALTIM ensemble is located close to the Bega River, near Central Park and within walking distance from the city centre. Fu

PALTIM will be built respecting the nZEB standards, using superior quality materials for thermal insulation, as well as renewable energy systems. Moreover, the office component of the project has been designed to obtain the BREEAM Excellent certification.

Since launching sales, in October 2021, approximately 50 percent of the available stock of apartments has been sold.