Skanska has signed an agreement to sell the first phase of the Equilibrium office complex in Bucharest to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction illustrates the growing role of regional institutional capital in shaping the CEE office market and confirms Bucharest’s position as a mature and attractive destination for long-term investment.
The transaction value amounts to €52 million.
“This transaction reflects our ability to deliver office projects that meet the expectations of a broad spectrum of institutional investors across the CEE region. The sale of Equilibrium 1 continues our track record of working with regional capital and reaffirms Bucharest’s position as a dynamic and increasingly mature investment destination. We are proud to see another high-quality Skanska development become part of a long-term investment portfolio,” said Adrian Karczewicz, Head of Divestments at Skanska Commercial Development Europe.
“With this transaction, Granit Asset Management aims to further expand its international real estate portfolio and strengthen its presence in the Central and Eastern European real estate market. Equilibrium 1 perfectly aligns with our long-term ‘5B Strategy’ – a vision to establish a sustainable, high-quality, and dominant office portfolio across the region’s key capital cities, Budapest, Bucharest, Belgrade, Vienna, and Bratislava. The property’s prime location, diverse tenant mix, and outstanding ESG credentials make it an ideal fit for our investment strategy,” said Álmos Mikesy, CEO and Chairman of the Board of Granit Asset Management.
The Equilibrium office complex, consisting of two buildings, has become a landmark in Bucharest’s northern business district, named Floreasca – Barbu Vacarescy, often also referred to as the New CBD. It not only redefines workspace design but also offers a fresh, aesthetic perspective to the area.
The first phase, which is subject to the aforementioned transaction, was completed in 2019 and features approximately 21,000 sqm of leasable space across 11 floors, and includes 240 parking spaces. It is certified LEED Platinum, showcasing Skanska’s commitment to sustainable work environments.
“Equilibrium provides the ideal mix for organizations and their teams: a highly accessible location at the entrance to Bucharest’s most vibrant office sub-market, flexible layouts to accommodate a wide range of business needs, a generous green space where community members can work, enjoy a coffee, or host events, and a variety of on-site and nearby amenities that successfully balance professional and personal life. We are proud of this project and how we have created an amazing community. It’s gratifying to see this appreciated by investors,” said Aurelia Luca, Executive Vice President of Operations in Hungary and Romania at Skanska Commercial Development in CEE.
Equilibrium 1 exemplifies real estate investment that combines modern design with outstanding energy performance. It incorporates advanced systems and sustainable materials to improve user comfort and reduce environmental impact. Notable features include rainwater harvesting, A+ heating and ventilation systems, and the usage of renewable energy sources for building operations. Energy and water consumption data are displayed in real-time on a screen in the building’s reception area, promoting transparency and awareness.
Throughout the sales process, Skanska was advised by Peli Partners for legal consultancy, Mazars Romania for financial and accounting advisory, and Ana-Maria Notingher for tax consultancy. Intermediation services on the seller’s behalf were provided by Colliers.
Granit Asset Management received legal advisory services from Nestor Nestor Diculescu Kingston Petersen, technical advisory services from Sentient Romania, financial and tax advisory services from TPA Admin Romania, and commercial advisory services from IO Partners.
