Real estate developer Speedwell started the construction of 36,000m² Record Park, the first mixed-use development and urban regenerating project in Cluj – Napoca, Romania. The €42m project is expected to be completed by the second quarter of 2020. Located in a short proximity to the Old Town, Record Park represents a unique mix in 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 spaces. Speedwell aims at creating a fully pedestrian community, as all car access shall be directed strictly in the underground levels of the project, endowed with more than 400 parking places.
”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 sophisticated functions of the occupiers”, 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 centre with all services nearby people can spend more time with each other and for themselves. We invested in Record Park not only our imagination and resources 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 functional 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.
”Record Park is a unicorn project for Romania, and will mark the entrance in a new era: that was the developer is designing and thinking from the shoes of the final user. This is why we started the lease process by selecting the most exquisite facilities for our future tenants and residents, such as World Class, that will operate a flagship gym in Record, or the shopping concept and the kindergarten with a < kiss & ride > area", stated Andreea Paun, managing partner of the real estate consultant Griffes, who is responsible for the commercial strategy of Record Park, including office leasing and marketing, on an end-to-end basis.
