Gránit Asset Management, based in Hungary, acquires office building in Bucharest from Skanska for a deal worth €52 million.
New and Groovy Take:
The Flip of Equilibrium 1: Skanska Sells to Gránit, Rockin' Bucharest's Office Game
Yo, Let's Talk Shop!
The Equilibrium 1 office building, nestled in Bucharest's chic Floreasca-Barbu Văcărescu district, is making waves with Skanska Romania, a division of the Swedish Skanska group, sellin' it to Gordiusz Private Equity Fund. That fund, yo, is managed by Gránit Asset Management, and this deal marks their first foray into the Romanian office scene, son [1][2][4].
The Nitty-Gritty
Equilibrium 1, a swanky Class A building, offers roughly 21,000 sqm of leasable space, with 20,000 sqm for offices, 730 sqm for retail, and 260 sqm for storage. This bad boy's got 198 underground and 44 surface parking spots, making it a sweet ride in the crowded Bucharest business zones [2].
This kid's already fully occupied, and it's flaunting a prestigious LEED Platinum certification. That means Skanska ain't playin' around, making top-notch, energy-efficient offices, bro [3][2].
Why It Matters
This sale is a major stamp of approval for Bucharest's commercial real estate game. It shows that investors are diggin' modern, energy-efficient properties, set in prime locations. It signals that the market's strong, and the demand's high for primo assets [2].
Who's Involved?
- Skanska: These Swedes are all about sustainable and high-quality construction and development.
- Gordiusz Private Equity Fund: Controlled by Gránit Asset Management, this fund's investment in Equilibrium 1 means they're movin' into the Romanian office market, broadening their horizons in Eastern Europe.
- Gránit Asset Management: They're a Hungarian asset management company with extensive real estate investments across Europe, and this purchase expands their presence in Romania [4].
[1] "Granit Asset Management Purchases Equilibrium 1 Office Building in Bucharest" - Property Europe (https://www.propertyeurope.com/news/granit-asset-management-purchases-equilibrium-1-office-building-in-bucharest)
[2] "Granit Asset Management Acquires Equilibrium 1 Office Building in Bucharest" - Romania Insider (https://romania-insider.com/real-estate/granit-equilibrium-office-building-bucharest)
[3] "Skanska Romania Gets LEED Platinum Certification for Bucharest's Equilibrium Building" - Romania-Insider (https://romania-insider.com/real-estate/skanska-get-leed-platinum-certificate-for-equilibrium-building-in-bucharest)
[4] "Granit Asset Management Expands into Romania with Bucharest Office Acquisition" - Euroweekly News (https://www.euroweeklynews.com/2022/02/25/granit-asset-management-expands-into-romania-with-bucharest-office-acquisition/)
- Skanska, a Swedish group renowned for sustainable and high-quality construction, has established a new asset in the Bucharest real-estate industry by selling the LEED Platinum certified Equilibrium 1 building to Gránit Asset Management.
- The sale of Equilibrium 1, a Class A office building in Bucharest, signifies the entrance of Gránit Asset Management into the Romanian office market, marking their first investment in the Romanian real-estate industry.
- With a total leasable space of approximately 21,000 sqm, including 20,000 sqm for offices, 730 sqm for retail, and 260 sqm for storage, the Equilibrium 1 acquisition represents a significant investment in the finance sector of the real-estate industry.
- The investing public can expect to see more real-estate activity from Gránit Asset Management, a Hungarian asset management company with a growing presence in Romania, following their purchase of the prime assets in the Equilibrium 1 building in Bucharest.
