The second residential building of PALTIM Timișoara has a building permit

Speedwell announced having recently obtained the building permit for the second residential building of the PALTIM mixed-use project developed in Timisoara.

This building consists of 113 apartments, from studios, to 2, 3, and 4-room apartments. Together with the units in the first building, the project reaches a total of 236 premium apartments.

As a mixed-use ensemble, besides the residential component, PALTIM will also include office and retail spaces.

The process for obtaining the final permits for the office component of PALTIM, including another revitalized building is well advanced and scheduled to occur in the next few months.

Speedwell is currently working on refurbishing a monument villa and will soon start works on a section of the former hat factory that will be rehabilitated, thus conserving the historical and cultural heritage of the site.

Sales for the first building of the project have been launched in October 2021 and more than half of the available stock of apartments has been sold.

SEE ALSO: Speedwell fully repays the 10.1-million-euro loan to BRD

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