SPEEDWELL and STRABAG announced the signing of the construction contract for the development of QUEENS District, the mixed-use project currently under development in the Floreasca – Barbu Văcărescu area of Bucharest. STRABAG has been appointed General Contractor for the construction of the office and residential buildings and will also relocate its Bucharest headquarters to the project under a long-term lease agreement.
The office component of QUEENS District will include approximately 22,500 sqm of leasable office space, while the entire mixed-use development will exceed 45,000 sqm built area and integrate office, residential, retail, and public-access functions into a single urban destination designed around connectivity, sustainability, and long-term usability.
Under the lease agreement, STRABAG will occupy approximately 4,600 sqm across three floors in Tower A, becoming the first anchor tenant signed within the project.
“As General Contractor, we are pleased to contribute to the development of a project that reflects many of the directions shaping the future of urban construction: mixed-use integration, strong technical standards, energy efficiency, sustainability, and long-term functionality. QUEENS District is the type of development where engineering, architecture, and the everyday experience of people using the space are designed to work together from the beginning, and our role is to bring this vision to life.
At the same time, STRABAG will relocate its Bucharest headquarters to QUEENS District under a separate long-term lease agreement. The future workplace concept supports collaboration between teams, operational efficiency, accessibility, flexibility and sustainability objectives aligned with the company’s long-term development plans,” said Bogdan Mărginean, Technical Managing Director STRABAG Romania.
QUEENS District is conceived as a fully integrated mixed-use destination, where office, residential, and retail functions coexist to create a vibrant, everyday ecosystem. In addition to the office component, the project will include 237 residential units and approximately 2,500 sqm of retail and services, all organized around a publicly accessible inner courtyard and generous landscaped green areas. The result is an environment designed not just for work, but for interaction, convenience, and a stronger sense of community.
Commenting on the transaction, Maria Jianu, Leasing Director at SPEEDWELL, said: “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. For us, this goes beyond a standard leasing transaction. When a company with STRABAG’s technical expertise and exposure to major developments across Europe decides to both deliver and occupy a project, it says a lot about the level of confidence behind it. QUEENS District was designed around a very clear idea: creating a place that works better for people in real life, not just on paper. A project where performance, sustainability, accessibility, retail, living and office functions are not treated separately, but built to support each other naturally. Their decision reinforces exactly what QUEENS District was designed for from the beginning: companies with high standards, long-term vision and a strong focus on the quality of the environment they create for their people.”
The project is scheduled for delivery in Q1 2028.
