Skanska divests office building in Bucharest, Romania, for EUR 52M, about SEK 570M

Rhea-AI Summary

Skanska has announced the divestment of the first phase of its Equilibrium office complex in Bucharest, Romania, to Gordiusz Private Equity Fund for EUR 52M (SEK 570M). The transaction will be recorded in Q2 2025, with property transfer scheduled for the same quarter.

The divested building, completed in 2019, offers 21,000 square meters of leasable area and is fully leased to tenants from various industries including pharma, agriculture, law, communication, construction, and retail. The property features 3,500 square meters of green space and holds a LEED Platinum certification.

Located in the Floreasca-Barbu Vacarescu area (New CBD) of Bucharest, the complex includes a second phase building delivered in December 2022 with 20,000 square meters, which is not part of this transaction.

Positive

• Full divestment value of EUR 52M (SEK 570M)
• Property is 100% leased with diverse tenant mix
• LEED Platinum certification achieved
• Prime location in Bucharest's New CBD area

Negative

• None.

STOCKHOLM, April 4, 2025 /PRNewswire/ -- Skanska has divested the first phase of the Equilibrium office complex in Bucharest, Romania, to Gordiusz Private Equity Fund, managed by Gránit Asset Management, for EUR 52M, about SEK 570M. The transaction will be recorded by Skanska Commercial Development Europe in the second quarter 2025. The transfer of the property is scheduled for the second quarter 2025.

The office complex Equilibrium, that consists of two buildings, has become a landmark in the Northern part of the capital of Romania being located right at the entrance to the most vibrant office submarket - namely Floreasca-Barbu Vacarescu, which is often called the New CBD - in Bucharest. It is developed with the aim of redefining workspaces on one hand and provide a completely new aesthetic perspective on the area on the other hand.

The complex offers 3,500 square meters of accessible green space, sustainable solutions, and is designed to focus on flexibility. The environmentally friendly features are recognized by a LEED Platinum certification.

The first building was completed in 2019 and offers a total leasable area of around 21,000 square meters. It is 100 percent let to tenants from different industries like pharma, agriculture, law, communication, construction and retail.

The second phase of Equilibrium, which is not part of the aforementioned transaction, was delivered in December 2022, offering 20,000 square meters of leasable area.

For further information please contact:
Anna Wiśniewska, Vice President Communications and Marketing, Skanska  Commercial Development Europe, tel +48 797 019 460

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-divests-office-building-in-bucharest--romania--for-eur-52m--about-sek-570m,c4131231

The following files are available for download:

https://mb.cision.com/Main/95/4131231/3368984.pdf	20250404 RO divestment first building Equilibrium
https://news.cision.com/skanska/i/image-1---equilibrium,c3395516	Image 1 - Equilibrium
https://news.cision.com/skanska/i/image-2---equilibrium,c3395515	Image 2 - Equilibrium
https://news.cision.com/skanska/i/image-3---equilibrium,c3395514	Image 3 - Equilibrium

 

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SOURCE Skanska

FAQ

How much did Skanska sell the Equilibrium office building for in Bucharest?

Skanska sold the first phase of Equilibrium for EUR 52M (approximately SEK 570M) to Gordiusz Private Equity Fund.

What is the occupancy rate of SKBSY's divested Equilibrium building in Bucharest?

The divested building is 100% leased to tenants from various industries including pharma, agriculture, law, communication, construction, and retail.

When will the Equilibrium office building transaction be recorded by SKBSY?

The transaction will be recorded by Skanska Commercial Development Europe in the second quarter of 2025.

What is the total leasable area of the divested Equilibrium building?

The divested building offers a total leasable area of approximately 21,000 square meters.

What environmental certification does SKBSY's Equilibrium building have?

The Equilibrium building has achieved LEED Platinum certification for its environmentally friendly features.