Speedwell 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 compound featuring residential, office and retail components.
Developed on the old premises of the hat factory with the same name, PALTIM is an urban regeneration project that will give back the city’s residents an important historical spot. The unique location near the Bega River, together with the state-of-the-art design and high-quality materials contribute to creating a one-of-a-kind neighborhood.
In close proximity to one of the biggest parks of Timisoara, Central Park and within walking distance from the city center, PALTIM offers easy access to many points of interest in the city and outside of it. Furthermore, the ensemble features various functions, such as residential with two buildings and a total of 236 apartments and an office one, completed by retail spaces. Speedwell will also preserve 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.
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.
PALTIM will be built with high sustainable standards, aiming to obtain the BREEAM Excellent rating for the office component and complying with the nZEB standard, by using superior quality materials for thermal insulation, as well as renewable energy systems. Sustainability and high building standards are a common theme for all Speedwell developments.