SPEEDWELL secures €21.5 million from Intesa Sanpaolo Bank for the residential component of QUEENS District

Real estate developer SPEEDWELL has announced the signing of a €21.5 million financing agreement with Intesa Sanpaolo Bank Romania for the residential component of QUEENS District, the company’s mixed-use development located in Bucharest’s Aviației area, scheduled for delivery in Q1 2028.

The financing will support the development of the residential component of QUEENS District, which will include 237 premium apartments designed for both living and long-term investment. The project includes residential, office, retail and publicly accessible amenities in an integrated urban ecosystem, created around connectivity, sustainability, comfort and everyday usability.

The transaction comes at an important moment for the Romanian residential market, shortly after the new regulations regarding the protection of buyers’ advance payments became operational. The new framework introduces a more structured approach to residential pre-sales, with stricter requirements regarding reservations, advance payments, cadastral procedures, and the use of funds received from future buyers.