Strabag kicks off construction of Speedwell's mixed-use project in northern Bucharest

24
Jun
2026
News - Strabag kicks off construction of Speedwell's mixed-use project in northern Bucharest #Bogdan Barabulă #Bogdan Mărginean #HVAC #Leasing #Maria Jianu #mixed-use #Office #Queens District #Romania #Speedwell #Strabag

by Property Forum | Office

Strabag has been chosen as general contractor for the residential and office buildings of Queens District and is starting work on site, with completion slated for Q1 2028. Once completed, Strabag will relocate its Bucharest headquarters into the development, on a surface of around 4,600 sqm. 


The project will combine office, residential, retail and public-access functions. The office component will provide around 22,500 sqm of leasable space, while the entire mixed-use development will exceed 45,000 sqm of built area. Alongside the offices, the development will include 237 residential units and around 2,500 sqm of retail and service space, organised around a courtyard open to the public and green areas. 

The development is designed for comfort and health, with 100% fresh air supply, opening windows and continuous monitoring of indoor air quality, including CO₂ and humidity levels. Queens District integrates 282 underground parking spaces, a ratio of one space per 88 sqm, alongside EV charging infrastructure and smart parking management, while the surface experience is entirely pedestrian. Designed to operate with zero local carbon emissions, Queens District Office is among the Bucharest office developments to have obtained Breeam Excellent certification at the design stage. The building is fully electrified and powered by renewable sources supported by photovoltaic panels, with a technical concept built around heat pump technology integrated into a 4-pipe HVAC system.

The building is designed to reach primary energy consumption of around 51 kWh/sqm/year, exceeding nZEB requirements by over 40%, while smart monitoring can reduce energy consumption by up to 36%. This leads to lower operating costs, with estimated savings of around 40% on utilities compared with conventional class A office buildings and maintenance costs estimated at around €3–3.5/sqm. 

"As general contractor, we are pleased to contribute to a development that reflects many of the trends shaping the future of urban construction: mixed-use integration, high technical standards, energy efficiency and sustainability. At the same time, Strabag will move its Bucharest headquarters to Queens District under a separate long-term lease," said Bogdan Mărginean, General Technical Director of Strabag Romania.

"We are particularly glad to welcome Strabag to Queens District not only as the builder but as the first company to choose it for its future headquarters. When a company with Strabag's technical expertise chooses to operate within the development it is also building, it is a validation of the vision and standards we have pursued from the start," said Maria Jianu, Leasing Director at Speedwell. "We have full confidence in the quality of Queens District, and the partnership with Strabag gives us the certainty that everything we set out to do will be delivered to the highest standards," added Bogdan Barabulă, Technical Director at Speedwell.




New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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