Speedwell starts construction of mixed-use project in northern Bucharest

22
Jan
2026
News - Speedwell starts construction of mixed-use project in northern Bucharest #Aviației #Bucharest #Mixed-Use #Office #Queens District #Residential #Romania #Speedwell #Yannick Van de Parre

by Property Forum | Residential

Speedwell has entered the development stage of Queens District, a mixed-use project in northern Bucharest. The development will deliver 237 apartments and 22,500 sqm of zero-carbon offices.


Construction began in December 2025 on the first two residential buildings comprising 147 apartments and a 22,500 sqm Class A office building. Currently, 40% of available units in the first two residential buildings have been sold or reserved, with 70% of purchases made by investors.

"Queens District is designed for investors who look beyond the present and stands out as one of the most reliable and profitable real estate investments of the moment," said Yannick Van de Parre, Country Manager of Speedwell. The project combines residential, office, and retail spaces in proximity to Bucharest's business district, educational institutions, and medical centres.

The development features apartments with 1-4 bedrooms, premium finishes, underfloor heating systems, and individual heat pumps. The office component comprises two 7-floor buildings with floor areas ranging from 1,150 to 3,100 sqm and 282 parking spaces, already obtaining Breeam Excellent certification. The building will operate with zero carbon emissions and generate up to 40% lower operating costs for tenants.

"The premium location, just a 10-minute walk from the Aviatorilor subway station and Promenada Mall, guarantees a sure increase in value over time," noted Mădălina Arsene, Sales Director at Speedwell. All ground-floor commercial spaces in Building C were sold within one week of the sales launch.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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