Gordiusz Private Equity Fund, managed by Gránit Alapkezelő, has entered into a purchase agreement to purchase the shares of the Romanian project company that owns the Equilibrium 1 office building in Bucharest, owned by Skanska. The transaction is expected to be closed and the property handed over in the second quarter of 2025. The transaction is worth EUR 52 million.
For Gordiusz Private Equity Fund, this acquisition is another important step in the implementation of its “5B Strategy”, which aims to build a regional office portfolio in Budapest, Bucharest, Belgrade, Vienna and Bratislava. “This investment fits perfectly into the fund’s long-term plans, which we call the “5B Strategy”. Our goal is a sustainable, high-quality and defining office portfolio in the region. Equilibrium 1 perfectly fits this strategic goal, as it has an outstanding location, a diverse tenant base and excellent ESG indicators,” emphasized Álmos Mikesy, President and CEO of Gránit Asset Management.
The Equilibrium office complex consists of two buildings in the Floreasca district of Bucharest and is one of the most prominent commercial real estate projects in the Romanian capital. The first phase of the complex, which is the subject of the transaction, was completed at the end of 2019, has a LEED Platinum energy efficiency rating and offers approximately 21,000 square meters of leasable area. The premium office building is fully occupied, with tenants including IT, real estate, pharmaceutical, legal, communications and retail companies.
“The successful sale of the Equilibrium 1 office building is a milestone in the process for all parties involved. This result clearly demonstrates the strength of the collaboration between Skanska and Gránit Asset Management, whose shared vision and trust in the project were key to the successful completion of the transaction. Equilibrium 1 office building will remain in the right hands, and we are committed to supporting partnerships that are beneficial to all parties involved in the long term,” said Gabriel Precup, Legal and Transaction Manager Skanska.
Gránit Asset Management and the Gordiusz Private Equity Fund it manages, have gradually expanded their international real estate portfolio in recent years along their 5B strategy. The acquisition of Equilibrium 1 is another important milestone in this. The first milestone of the 5B strategy was the acquisition of an office portfolio with an outstanding quality and location of more than 130 thousand square meters of usable floor space in Belgrade in 2022. Gránit Asset Management continues to actively seek high-quality office projects in regional cities that are in line with the 5B strategy of Gordiusz Private Equity Fund, and that meet ESG criteria.
Granit Fund Management received legal advice from Nestor Nestor Diculescu Kingston Petersen (NNDKP), technical advice from Sentient Romania, financial and tax advice from TPA Admin Romania and commercial advice from IO Partners.
