Skanska Completes Sale of Equilibrium 1 Office to Granit Asset Management
Deal News | Apr 14, 2025 | CEE Legal Matters
In a substantial real estate transaction in Bucharest, Swedish developer Skanska Group has sold the Equilibrium 1 office building for EUR 52 million to Granit Asset Management. The property, which features 21,000 square meters of leasable space across 11 floors, was completed in 2019. Skanska, a renowned real estate developer and builder, received advisory services from PeliPartners. Meanwhile, Granit Asset Management, an established Hungarian institutional investor managing significant assets, was advised by Nestor Nestor Diculescu Kingston Petersen (NNDKP). This deal exemplifies the continued strength in the Central and Eastern European real estate markets and the strategic interest of investment funds in prime office real estate assets.
Sectors
- Real Estate
- Private Equity
- Legal Services
Geography
- Romania – The Equilibrium 1 office building is located in Bucharest, Romania.
- Hungary – Granit Asset Management, a Hungarian firm, was the purchaser in this transaction.
- Sweden – Skanska Group, a Swedish developer, sold the property.
Industry
- Real Estate – Skanska is a real estate developer, and the transaction involves a major office building sale.
- Private Equity – Granit Asset Management manages private equity funds and was involved in the acquisition.
- Legal Services – Both PeliPartners and NNDKP provided legal advisory for the transaction.
Financials
- EUR 52 million – The sale price of the Equilibrium 1 office building.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Skanska Group | Vendor | Company | A Swedish real estate developer and builder. |
| Granit Asset Management | Buyer | Company | A Hungarian institutional investor managing multiple investment funds. |
| Grodiusz Private Equity Fund | Buyer | Company | The fund managed by Granit Asset Management involved in the acquisition. |
| PeliPartners | Legal Advisor to Vendor | Company | Provided legal advice to Skanska Group. |
| Nestor Nestor Diculescu Kingston Petersen (NNDKP) | Legal Advisor to Buyer | Company | Provided legal advice to Granit Asset Management. |
| Equilibrium 1 Office | Target | Company | An office building in Bucharest, featuring 21,000 square meters of leasable space. |