Speedwell and Baltisse have sold Record Park Offices in Cluj-Napoca to Belgian AYA Properties Fund in a deal worth 35 million EUR.
The Record Park project developed by Speedwell is the first mixed-use and urban regeneration project in Cluj-Napoca. In addition to the buildings that were the subject of the transaction, the development also includes 236 apartments.
“We are proud to close the sale of RECORD PARK Offices, as it reconfirms the value of both the entire project and the office concept we have developed. Through RECORD PARK, our goal was to recreate a neighborhood and give the community a space designed for people. As a result, we have added to the Cluj real estate market an urban hub that includes all the facilities necessary for living, with an emphasis on the well-being of the people”, said Jan Demeyere, Architect and Co-founder Speedwell.
The Record Park Offices building was completed and delivered at the end of 2020. The office space was leased to a list of tenants such as MHP Porsche, MassMutual, Yardi, PropertyShark, COS, Stradale, The Home, Artmark Dental, Mitzu Café and Royal Charis Academy Kindergarten.
Speedwell is one of the most active developers in Romania. Currently, the company’s portfolio includes Record Park in Cluj-Napoca, Triama Residence, The Ivy, Miro and SpacePlus in Bucharest, Paltim in Timisoara and Riverside City in Ramnicu-Valcea.
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