Strabag becomes general contractor for Speedwell's mixed-use scheme in Bucharest

Business Forum
Speedwell and Strabag have signed a construction contract for the development of Queens District, a mixed-use project in northern Bucharest. Strabag will serve as general contractor for the office and residential buildings and will relocate its Bucharest HQ to the project under a long-term lease agreement.

The office component will include approximately 22,500 sqm of leasable space, while the entire development will exceed 45,000 sqm built area, integrating office, residential, retail, and public-access functions. Under the lease agreement, Strabag will occupy approximately 4,600 sqm across three floors in Tower A, becoming the first anchor tenant.

Queens District will include 237 residential units and approximately 2,500 sqm of retail and services, organised around a publicly accessible inner courtyard and landscaped green areas.

"We are particularly glad to welcome Strabag not only as the builder of Queens District, but also as the first company to choose it for their future headquarters," said Maria Jianu, Leasing Director at Speedwell. The project is designed to operate with zero local carbon emissions and already holds a Breeam certification. It is scheduled for delivery in Q1 2028.

Speedwell has developed projects across Bucharest, Cluj-Napoca, Timișoara, Râmnicu Vâlcea, and Brașov, totaling approximately 160,000 sqm of office and retail space, over 5,500 apartments, and 23,000 sqm of industrial space, with a total development value of around €2 billion.

RECOMMENDED
Speculative development is slowing in industrial
Real estate

Speculative development is slowing in industrial

Didier Balcaen, CEO and Co-Founder of SPEEDWELL, talked to Property Forum about the company's strong development pipeline in Romania and the trends shaping the local residential and commercial real estate market.

Praktiker Real Estate buys office building in Bucharest
Real estate

Praktiker Real Estate buys office building in Bucharest

Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.

RECOMMENDED FROM THE HOME PAGE
Romanias GDP drops 1.7% in Q1 2026
Economy

Romania's GDP drops 1.7% in Q1 2026

Romania's GDP fell by 0.2% in Q1 2026 compared to the previous quarter, according to data released by the National Institute of Statistics (INS).

Industry

MSD names new Managing Director in Romania and Moldova

MSD has appointed Conor Dempsey as Managing Director for Romania and Moldova operations. He succeeds Marcelo Pascual Morales, who was appointed Associate Vice President & Executive Officer of MSD Japan.

Energy

E.ON Romania plans €120 million investment in energy solutions

E.ON Energie Romania plans to invest approximately €120 million over the next five years, primarily in developing its portfolio of energy solutions including photovoltaic systems, heat pumps, energy efficiency measures and electric mobility infrastructure.

READ MORE
Business Forum  |  13 May, 2026 at 8:36 AM