Skanska has signed an agreement to sell the first phase of Equilibrium office complex in Bucharest to the Gordiusz Private Equity Fund, managed by Granit Asset Management.
The transaction is valued at EUR 52 million.
“For all parties engaged in the process, the successful sale of Equilibrium 1 building is a turning point,” said Gabriel Precup, Legal and Transactions Director for Skanska’s commercial development business unit in CEE. “This accomplishment demonstrates the strength of our collaboration with Granit Asset Management, whose mutual vision and confidence in the project were paramount to the transaction’s successful conclusion. Equilibrium 1 remains in capable hands, and we are committed to encouraging partnerships that benefit all parties involved in the long run.”
“With this transaction, Granit Asset Management aims to further expand its international real estate portfolio and strengthen its presence in the Central and Eastern European real estate market,” noted Almos Mikesy, CEO and Chairman of the Board of Granit Asset Management. “Equilibrium 1 perfectly aligns with our long-term ‘5B Strategy’ – a vision to establish a sustainable, high-quality, and dominant office portfolio across the region’s key capital cities, Budapest, Bucharest, Belgrade, Vienna, and Bratislava. The property’s prime location, diverse tenant mix, and outstanding ESG credentials make it an ideal fit for our investment strategy.”
The Equilibrium office complex consists of two buildings and is located in Bucharest’s northern Floreasca – Barbu Vacarescu business district. The first phase of the complex, which was sold to Granit, was completed in 2019 and features approximately 21,000 square meters of leasable space across 11 floors, as well as 240 parking spaces. It is certified LEED Platinum.
“Equilibrium provides the ideal mix for organizations and their teams: a highly accessible location at the entrance to Bucharest’s most vibrant office sub-market, flexible layouts to accommodate a wide range of business needs, a generous green space where community members can work, enjoy a coffee, or host events, and a variety of on-site and nearby amenities that successfully balance professional and personal life,” explained Aurelia Luca, Executive Vice President of Operations in Hungary and Romania at Skanska Commercial Development in CEE. “We are proud of this project and how we have created an amazing community. It’s gratifying to see this appreciated by investors.”
Skanska was advised on the transaction by the Peli Partners law firm, Mazars Romania on financial and accounting matters, and Ana-Maria Notingher on tax matters. Intermediation services on Skanska’s behalf were provided by Colliers.
Granit Asset Management received legal advice from the Nestor Nestor Diculescu Kingston Petersen law firm, technical advice from Sentient Romania, financial and tax advice from TPA Admin Romania, and commercial advice from IO Partners.
