Real estate developer Speedwell starts construction on Record Park in Cluj-Napoca

Real estate developer Speedwell has started the construction works for Record Park, the first mixed-use development and urban regeneration project in Cluj-Napoca. The development process will involve an investment of EUR 42 million, and the entire project is due in the second quarter of 2020, according to Business-Review.eu.

Record Park is a unique mix on the Romanian market, comprising office, retail and residential components anchored by a historic building that will be preserved and transformed into a space for arts, technology and co-working.

The project is being developed on a plot of 17,300 square meters, only 15 minutes away walk from the Old Town, and will have a total (aboveground) built area of 36,000 square meters, as well as vast green areas, amounting to almost half of the total land surface.

”Record Park is a unique project and will be developed with great care for all the details. For example, we will keep the old Imperial Stables that will be restored in order to transform them into a prototype for the office of the future, with co-working spaces, an innovation centre and leisure areas. The project will include a state-of-the-art office building, retail spaces, an important residential area as well as pedestrian and vast green areas. Cluj-Napoca proves to have a solid level of demand on all the real estate segments, boosting investors’ confidence, especially for well-thought, complex real estate projects, serving their occupiers’ sophisticated needs”, stated Didier Balcaen, general manager of Speedwell.

“It is our vision becoming reality – creating a small city within a city. A place to gather people, we believe that increasing the quality of life creates communities and communities create a better quality of life. And to do so we have to combine different functions in the near vicinity, like convenience shopping, work, leisure a kindergarten and many open air activities. People are really tired of spending hours and hours per day in traffic and by making mixed projects close to the city center with all services nearby people can spend more time with each other and on themselves. We invested not only our imagination and resources in Record Park, but also vast know-how and expertise tested in other projects from our track record. To name only two of the multiple surprises, World Class will be endowed with the first open air pool that will be open all-year round, thanks to a special retractable roof system. Parking in the office area will be coordinated through a smart app optimizing usage and accessibility”, explained Jan Demeyere, partner in Speedwell.

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