Bucharest, May 2026 – SPEEDWELL and STRABAG announce 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 within QUEENS District 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 Marginean, Technical Managing Director STRABAG Romania.
Premium amenities, strong connectivity and multimodal accessibility for a well-balanced work-and-lifestyle
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.”
Accessibility is a defining advantage of the project. Located on Soseaua Pipera, in the heart of the Floreasca–Barbu Vacarescu business district, the development benefits from excellent connectivity across all modes of transport. Two metro stations on the M2 line—Aurel Vlaicu and Pipera—are within a 10 to 13-minute walk, while multiple bus lines (112, 135, 343) stop directly in front of the building connecting QUEENS District with North, East, West and Center areas. Tram connections are also within walking distance, and the area offers direct access to key arterial roads such as DN1 and A3, ensuring efficient links to both the city center and the wider metropolitan area. This strong multimodal accessibility is reflected in the project’s BREEAM assessment, where transport achieved one of the highest scores.
A future-proof two-wing office building in a mixed-use scheme designed for performance and efficiency
At the same time, the workplace experience is elevated through design choices that prioritize comfort and health. Employees benefit from a constant supply of fresh air, openable windows, and continuous monitoring of indoor environmental quality, including CO₂ and humidity levels. These features are complemented by generous natural light, efficient floorplates of around 3,100 sqm, and flexible layouts that allow companies to tailor their space while maintaining a strong sense of identity. The building’s dual-wing configuration also enables anchor tenants to secure dedicated access and branding visibility. The project integrates 282 underground parking spaces, alongside electric vehicle charging infrastructure and smart parking systems. Above ground, however, the experience is entirely pedestrian, with all circulation designed around people rather than cars.
“We have full confidence in the quality and performance of QUEENS District, and partnering with STRABAG gives us the certainty that everything we have envisioned will be delivered to the highest standards. Their technical expertise, discipline, and approach to innovation make them the right partner to bring this project to life exactly as intended.” added Bogdan Barabulă, Technical Director at SPEEDWELL
QUEENS District Office is among the very few buildings in Bucharest designed to operate with zero local carbon emissions, already holding a BREEAM Excellent certification at Design Stage. The building is fully electrified and powered by renewable sources, supported by photovoltaic panels and a highly efficient energy infrastructure. Its technical concept is built around heat pump technology integrated into a 4-pipe HVAC system and managed through a custom Building Management System, ensuring both precision and adaptability in operation.
The focus on performance translates into tangible benefits for tenants. The building is designed to achieve a primary energy consumption of approximately 51 kWh/sqm/year, exceeding nZEB requirements by over 40%, while intelligent monitoring and optimization of all systems can reduce energy consumption by up to 36%. This results in significantly lower operational costs, with utility savings estimated at around 40% compared to conventional Class A office buildings and service charges projected at approximately €3–3.5/sqm, well below market averages.
QUEENS District is developed by SPEEDWELL as a future-ready urban destination, bringing together high-performance office space, premium residential living, and curated retail in a single, cohesive environment. The project is scheduled for delivery in Q1 2028.
About STRABAG
STRABAG SE is a European technology group specializing in construction services, a leader in innovation and financial strength. Our activities span all sectors of the construction industry and cover the entire construction value chain. We create added value for our clients by adopting an end-to-end construction approach throughout the entire life cycle—from planning and design, through construction, operation, and facility management, to renovation or demolition. In all our activities, we take responsibility for people and the environment: shaping the future of construction and making significant investments in our portfolio of over 250 innovation projects and 400 sustainability projects. Through the hard work and dedication of our approximately 89,000 employees, we generate an annual output over €20 billion.
Our dense network of subsidiaries across various European countries and other continents extends our reach far beyond the borders of Austria and Germany. Working together with strong partners, we pursue a clear goal: to design, build, and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com
STRABAG has been operating in the Romanian market since 1991 and established its headquarters in Bucharest in 1994. Currently, the STRABAG Group has subsidiaries in all major regions of Romania and operates in all construction sectors, particularly in the segments of transportation infrastructure, building construction, and civil engineering, as well as in environmental construction projects. STRABAG Romania ended 2023 with a 65% increase in production volume, from 315.46 million euros in 2022 to 519.26 million euros. It also recorded a 10% increase in the number of employees (FTE), from 1,768 in 2022 to 1,942 employees (FTE) at the end of last year.
For more information:
Visit: https://www.strabag.ro/
About SPEEDWELL
SPEEDWELL Development is a trusted premium real estate developer active in Romania and Poland with Belgian roots, building residential, mixed-use, office, commercial, and industrial destinations on a foundation of structural discipline and real sustainability. With more than ten years of experience in Romania, the company has developed projects across Bucharest, Cluj-Napoca, Timișoara, Râmnicu Vâlcea, and Brașov, totaling approximately 160,000 sqm of office and retail space, over 5,500 apartments, and 23,000 sqm of industrial space, with a total development value of around €2 billion.
Sustainability has been embedded in SPEEDWELL’s development model since its early projects in Romania. The company has been among the early adopters of nZEB residential standards and has delivered projects targeting internationally recognized certifications such as BREEAM, WELL and Green Homes.
For the upcoming period, SPEEDWELL continues the development of the mixed-use QUEENS District, scheduled for delivery in the first quarter of 2027, while also preparing the CityZen project, currently in the permitting phase. Construction is progressing at GLENWOOD ESTATE, the premium villa community in Corbeanca, where the first 15 homes have been completed in March 2026, as well as at THE MEADOWS, the exclusive lakeside development on the shores of Lake Grivița, the new C8 building at THE IVY, and the third and final building of the TRIAMA residential complex, which will be delivered to clients in the third quarter of 2026. In Bucharest, the company has already completed the first two phases of TRIAMA Residence, the first three buildings of THE IVY residential project, the first phase of THE MEADOWS, and MIRO, a Class A office building. In the western part of the country, in Timișoara, SPEEDWELL is developing PALTIM, a mixed-use urban regeneration project located near the Bega River, and is preparing to commence construction works on a new development on the site of the former 1 IUNIE S.A. textile factory. In the industrial and logistics segment, the company has completed SPACEPLUS West and has started construction works on SPACEPLUS East. In recent years, SPEEDWELL delivered RECORD PARK in Cluj-Napoca and is currently expanding into Brașov, another important regional city in Romania.
Since June 2024, SPEEDWELL has expanded into Poland, strengthening its regional footprint in Central and Eastern Europe. In Warsaw, the company is developing TRIBERA Warszawa Mokotów, its first purpose-built student housing project in Poland, comprising 675 beds across 565 rooms, designed to meet modern ESG and operational performance standards. In Gdańsk, SPEEDWELL is advancing a new residential development that reflects its long-term, sustainability-focused approach to urban living. Through its Polish expansion, the company reinforces its cross-market expertise, disciplined growth model, and commitment to building destinations intentionally designed for enduring communities and built to perform over time.
For more information:
Visit: www.speedwell.be
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