Strabag kicks off construction of Speedwell's mixed-use project in northern Bucharest

Business Forum24 June, 2026 at 5:26 PM

Strabag has been chosen as general contractor for the residential and office buildings of Queens District and is starting work on site, with completion slated for Q1 2028. Once completed, Strabag will relocate its Bucharest headquarters into the development, on a surface of around 4,600 sqm. 

The project will combine office, residential, retail and public-access functions. The office component will provide around 22,500 sqm of leasable space, while the entire mixed-use development will exceed 45,000 sqm of built area. Alongside the offices, the development will include 237 residential units and around 2,500 sqm of retail and service space, organised around a courtyard open to the public and green areas. 

The development is designed for comfort and health, with 100% fresh air supply, opening windows and continuous monitoring of indoor air quality, including CO₂ and humidity levels. Queens District integrates 282 underground parking spaces, a ratio of one space per 88 sqm, alongside EV charging infrastructure and smart parking management, while the surface experience is entirely pedestrian. Designed to operate with zero local carbon emissions, Queens District Office is among the Bucharest office developments to have obtained Breeam Excellent certification at the design stage. The building is fully electrified and powered by renewable sources supported by photovoltaic panels, with a technical concept built around heat pump technology integrated into a 4-pipe HVAC system.

The building is designed to reach primary energy consumption of around 51 kWh/sqm/year, exceeding nZEB requirements by over 40%, while smart monitoring can reduce energy consumption by up to 36%. This leads to lower operating costs, with estimated savings of around 40% on utilities compared with conventional class A office buildings and maintenance costs estimated at around €3–3.5/sqm. 

"As general contractor, we are pleased to contribute to a development that reflects many of the trends shaping the future of urban construction: mixed-use integration, high technical standards, energy efficiency and sustainability. At the same time, Strabag will move its Bucharest headquarters to Queens District under a separate long-term lease," said Bogdan Mărginean, General Technical Director of Strabag Romania.

"We are particularly glad to welcome Strabag to Queens District not only as the builder but as the first company to choose it for its future headquarters. When a company with Strabag's technical expertise chooses to operate within the development it is also building, it is a validation of the vision and standards we have pursued from the start," said Maria Jianu, Leasing Director at Speedwell. "We have full confidence in the quality of Queens District, and the partnership with Strabag gives us the certainty that everything we set out to do will be delivered to the highest standards," added Bogdan Barabulă, Technical Director at Speedwell.

Tags:
Romania, office, Speedwell, leasing, Strabag, Maria Jianu, mixed-use, QUEENS District, HVAC, Bogdan Mărginean, Bogdan Barabulă,