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.
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.
IPSO Agricultură, a subsidiary of the French group Monnoyeur, will lease a 2,300 sqm space in the Spaceplus Chitila industrial project, owned by Speedwell.
Speedwell Development has appointed Maria Jianu as its new Leasing Director, tasked with growing the tenant portfolio and strengthening strategic partnerships for projects such as Queens District, SpacePlus and Paltim.
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.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
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.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).