Jan Demeyere and Didier Balcaen, founders of Speedwell, will continue to lead the company alongside Baltisse and Straco Real Estate. Their collective vision aims to further enrich Speedwell's development portfolio in Romania while spearheading the company's entry into the dynamic Polish market. With a robust team of 50+ industry professionals, Speedwell's past and current development portfolio in Romania encompasses more than 150,000 sqm of offices, 23,000 sqm industrial and more than 6,000 residential units and a wide range of additional services within mixed-use development projects.

"This partnership marks an exciting new chapter for Speedwell. Straco Real Estate and Baltisse bring invaluable resources and strategic insight that will accelerate our growth trajectory while maintaining our unwavering commitment to excellence." said Jan Demeyere, Co-founder of Speedwell.

Didier Balcaen, Co-founder of Speedwell, echoed these sentiments, stating: "Joining forces with Baltisse and Straco Real Estate represents a tremendous opportunity for Speedwell to expand our footprint and deliver exceptional real estate projects across Romania and Poland. Together, we are poised to capitalize on emerging opportunities in the region and drive sustainable value for our stakeholders."

Straco Real Estate and Baltisse share a collective vision of cultivating long-term partnerships and delivering high-quality developments that enrich communities and drive economic growth.

"We are thrilled to partner with Speedwell, a company known for its innovation and commitment to excellence. This acquisition aligns with our strategic objectives of expanding our presence in Eastern Europe and underscores our confidence in the region's long-term growth potential." said Alex De Witte, CEO at Baltisse Real Estate

"Speedwell's established track record and strong leadership team make them an ideal partner as we enter the Polish market. Together, we look forward to unlocking new opportunities and delivering exceptional value to our stakeholders." added Carl-Philip de Villegas, Managing Partner at Straco Real Estate

The partnership between Baltisse, Straco Real Estate, and Speedwell clearly represents a dynamic collaboration set to redefine the real estate landscape in Eastern Europe and a tremendous opportunity for Speedwell to expand its footprint and deliver exceptional real estate projects across Romania and Poland.

Baltisse is a Belgian privately owned company, active in private equity, asset management and real estate. Its real estate branch, Baltisse Real Estate, is a leading real estate investment firm with a focus on value creation through strategic acquisitions and development projects. Straco Real Estate is a real estate development and investment firm specializing in commercial, residential, and mixed-use properties across Europe. Speedwell is a well-established real estate developer with a strong presence in Romania, known for its innovative approach and commitment to quality.