Speedwell starts construction of mixed-use project in northern Bucharest

Business Forum
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.

Construction began in December 2025 on the first two residential buildings comprising 147 apartments and a 22,500 sqm Class A office building. Currently, 40% of available units in the first two residential buildings have been sold or reserved, with 70% of purchases made by investors.

"Queens District is designed for investors who look beyond the present and stands out as one of the most reliable and profitable real estate investments of the moment," said Yannick Van de Parre, Country Manager of Speedwell. The project combines residential, office, and retail spaces in proximity to Bucharest's business district, educational institutions, and medical centres.

The development features apartments with 1-4 bedrooms, premium finishes, underfloor heating systems, and individual heat pumps. The office component comprises two 7-floor buildings with floor areas ranging from 1,150 to 3,100 sqm and 282 parking spaces, already obtaining Breeam Excellent certification. The building will operate with zero carbon emissions and generate up to 40% lower operating costs for tenants.

"The premium location, just a 10-minute walk from the Aviatorilor subway station and Promenada Mall, guarantees a sure increase in value over time," noted Mădălina Arsene, Sales Director at Speedwell. All ground-floor commercial spaces in Building C were sold within one week of the sales launch.

RECOMMENDED
Pre-lease deals drive Bucharest office market recovery
Real estate

Pre-lease deals drive Bucharest office market recovery

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.

Star Invest appoints ex-BVB CEO as CFO
Real estate

Star Invest appoints ex-BVB CEO as CFO

Star Residence Invest, the first investment platform listed on the Bucharest Stock Exchange (BVB) dedicated to the real estate sector, has appointed Adrian Tănase as CFO.

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.