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.
The office component will include approximately 22,500sq m of leasable space, while the entire development will exceed 45,000sq m built area, integrating office, residential, retail and public-access functions. Under the lease agreement, Strabag will occupy approximately 4,600sq m across three floors in Tower A, becoming the first anchor tenant.
Queens District will include 237 residential units and approximately 2,500sq m of retail and services, organised around a publicly accessible inner courtyard and landscaped green areas.
“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,” said Maria Jianu, Leasing Director at Speedwell. The project is designed to operate with zero local carbon emissions and already holds a Breeam certification. It is scheduled for delivery in Q1 2028.
Speedwell has developed projects across Bucharest, Cluj-Napoca, Timișoara, Râmnicu Vâlcea and Brașov, totalling approximately 160,000sq m of office and retail space, over 5,500 apartments and 23,000sq m of industrial space, with a total development value of around €2bn.
