The transaction value amounts to EUR 52 million.
“For all parties engaged in the process, the successful sale of Equilibrium 1 building is a turning point. 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.” mentioned Gabriel Precup, Legal and Transactions Director for Skanska's commercial development business unit in CEE.
„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. 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." said Álmos Mikesy, CEO and Chairman of the Board of Granit Asset Management.
The Equilibrium office complex, consisting of two buildings, has become a landmark in Bucharest’s northern business district, named Floreasca – Barbu Vacarescu, often also referred to as the New CBD. It not only redefines workspace design but also offers a fresh, aesthetic perspective to the area.
The first phase, which is subject to the aforementioned transaction, was completed in 2019 and features approximately 21,000 square meters of leasable space across 11 floors, and includes 240 parking spaces. It is certified LEED Platinum, showcasing Skanska’s commitment to sustainable work environments.
“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. We are proud of this project and how we have created an amazing community. It’s gratifying to see this appreciated by investors.” said Aurelia Luca, Executive Vice President of Operations in Hungary and Romania at Skanska Commercial Development in CEE.
Equilibrium is more than just design and sustainability; it is also about community and daily interactions. According to the 2024 Office Life Survey conducted by Skanska, now in its fourth edition, most respondents (91%) highly valued the services and amenities at Equilibrium 1, such as HoReCa facilities, green spaces, relaxation areas, and active lifestyle infrastructure, including showers, lockers, and bike-dedicated parking.
The project incorporates innovative sustainability technologies that considerably improve resource efficiency and reduce carbon footprint. These include intelligent climate control systems, energy-efficient lighting with motion sensors, and a smart Building Management System (BMS) for real-time monitoring and energy optimization. Furthermore, relaxation areas equipped with wireless chargers, power outlets, and free Wi-Fi are accessible to both tenants and the community.
Equilibrium 1 exemplifies real estate investment that combines modern design with outstanding energy performance. It incorporates advanced systems and sustainable materials to improve user comfort and reduce environmental impact. Notable features include rainwater harvesting, A+ heating and ventilation systems, and the usage of renewable electric energy sources for building operations. Energy and water consumption data are displayed in real time on a screen in the building’s reception area, promoting transparency and awareness.
Throughout the sale process, Skanska was advised by Peli Partners for legal consultancy, Forvis Mazars for financial and accounting advisory, and Ana-Maria Notingher for tax consultancy. Intermediation services on Skanska’s behalf were provided by Colliers.
Granit Asset Management received legal advisory services from Nestor Nestor Diculescu Kingston Petersen, technical advisory services from Sentient Romania, financial and tax advisory services from TPA Admin Romania, and commercial advisory services from IO Partners.