GLENWOOD ESTATE, Corbeanca’s Premium Lifestyle Project gets the Building permit

SPEEDWELL got the go-ahead for the construction of the first 50 out of 209 luxury villas combining quality, privacy, sustainability, and design integrated into nature

SPEEDWELL Development is set to transform Corbeanca with GLENWOOD ESTATE, an exclusive new residential project featuring 209 premium lakeside homes with private gardens. Scheduled to start construction in early 2025, the project brings SPEEDWELL’s signature quality and commitment to sustainable, community-centered living to one of the most desirable areas. The total estimated investment is €94 million.

Even if, according to Imobiliare.ro, the number of authorizations issued for residential buildings in Ilfov County in the first semester of 2024 was 5% higher than the corresponding to the similar period in 2023, it is worth noting that from 2020 to date is the first building authorization granted to a residential housing development.

Corbeanca has long been known for its serene environment, yet the GLENWOOD ESTATE project aims to raise the bar even higher, through developing a sustainable gated community. GLENWOOD ESTATE’S residents will have a 700-meter frontage on Corbeanca Lake, providing them with easy access to the water and nature all around. Moreover, the project’s green private and public spaces will add up to a generous 76,000 sqm, making up 54% of the total area.

Located on 14 hectares with direct access and views towards Ostratu Lake, GLENWOOD ESTATE offers luxury, three-, four- and five-bedroom villas ranging from 214 to 324 square meters. Each residence includes private gardens between 130 and 152 square meters, meticulously integrated with the natural landscape to ensure privacy and comfort. The project offers a sustainable and exclusive lifestyle, suitable for modern families, executives, or entrepreneurs who aspire to live in a close-knit community, away from inner-city noise and pollution. The project will also provide a safe and convenient way for residents to get around on their bikes, with 2.5 km of bike lanes, and plenty of common areas for recreation and socializing. In addition, thanks to its strategic proximity to the A0 highway and main roads, residents will benefit from quick access to both Corbeanca as well as to business areas, private schools, and the main points of interest in Bucharest.

” GLENWOOD ESTATE is more than a residential complex; it’s a forward-thinking lifestyle choice. It is an elegant, high-quality development that promotes connection with nature and features a unique approach focused on privacy, comfort, and sustainability. We are thrilled when local authorities understand the positive impact of our projects, as this support not only validates our efforts but also reflects our commitment to building a thriving community. Our close collaboration with local institutions allowed us to turn the vision into reality and, in the case of GLEENWOD ESTATE, together we have contributed to improving the housing standards in Corbeanca and the Bucharest metropolitan area.”, says Jan Demeyere, Architect and Co-founder of SPEEDWELL Development

The residences, harmoniously integrated into the natural landscape, have two parking spaces and electric car charging facilities, whilst the modern and functional design, complemented by the lush landscaping, offers a peaceful retreat for families looking to escape the hustle and bustle of the city. Also, another distinguishing factor is the design of the homes. Inspired by organic architecture, which develops structures and buildings by promoting harmony between human habitat and nature, the concept integrates private streets with footpaths and alleys, bicycle trails, natural colors, and materials, all highlighted by special lighting.

„GLENWOOD ESTATE has aroused a great deal of interest, and the granting of the building permit marks the beginning of a new chapter in the development of an exclusive community. ”, adds Andreea Comșa, Commercial Director at SPEEDWELL Development. “We targeted from the early design stage to address a community of people who share common values in terms of quality and lifestyle, and these aspects are reflected in the final purchase cost. The benefits are felt not only in the high-quality finishes and materials but also in the long-term cost savings for our residents due to our energy efficiency systems like individual heat pumps or photovoltaics panels”

Certified nZEB+ (Nearly Zero-Energy Building) and developed according to Green Homes standards, GLENWOOD ESTATE is an example of excellence redefining standards in modern urban development. In addition, by using advanced energy-efficient solutions such as individual heat pumps and photovoltaic panel systems, it offers energy autonomy, reducing energy consumption for heating, cooling, hot water, and lighting to a considerable extent. In the case of GLENWOOD ESTATE, for example, for the smallest four-bedroom house, the estimated electricity consumption for heating, cooling, hot water, and lighting needs over one year is half of the average annual consumption calculated for a two-bedroom apartment, and 4 to 5 times less than in case of a typical house consumption.

About SPEEDWELL

This year, Speedwell celebrates ten years on the Romanian market, as one of the most active real estate developers, with a prominent presence both in Bucharest and in other regional cities such as Cluj, Timișoara, Râmnicu Vâlcea and Brașov. The company’s portfolio includes today approximately 150,000 sqm of office and retail space, over 6,000 apartments, and 23,000 sqm of industrial space, with a total project value estimated at approximately 1.5 billion euros. Since June 2024, Speedwell has expanded its operations in Poland, targeting a development portfolio to match its Romanian one.

For the next period, Speedwell is preparing the launch of QUEENS District to be delivered in Q1 2027, the development of the CityZen project, currently in the permitting phase, and is advancing construction work on GLENWOOD ESTATE, a new premium villa residential ensemble in Corbeanca, and THE MEADOWS, an exclusive project located on the shore of Grivița Lake. In Bucharest, the company has completed the first two phases of the TRIAMA Residence, the first three buildings, part of Phase 1 of THE IVY residential complex, and MIRO, the Class A office building. In the western part of the country, in Timisoara, Speedwell is developing PALTIM, a mixed-use urban regeneration project next to the Bega River, and preparing to launch the construction works for a new real estate development located on the former 1 IUNIE S.A. textile factory site. In the industrial &Logistics segment, the company has completed the second phase of SPACEPLUS West and started groundworks on the SPACEPLUS East development. In recent years, Speedwell delivered RECORD PARK in Cluj and currently expanding to Brasov, another important regional city in Romania.