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 Bucharest office market is showing early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting renewed occupier appetite for future office spaces. As tenants secure their leases well in advance, the current development pipeline exceeding 215,600 sqm, the highest level in recent years, is expected to be gradually absorbed, according to data from Cushman & Wakefield Echinox.

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.

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.

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.