Gordiusz Private Equity Fund, managed by Hungary-based Granit Asset Management, acquired the Equilibrium 1 office building in Bucharest from Skanska Romania in a transaction valued at €52m ($57.1m).

The acquisition marks another strategic step in Granit’s expansion across Central and Eastern Europe, aligning with its long-term ‘5B Strategy’ to establish a premium office real estate footprint in major regional capitals including Budapest, Bucharest, Belgrade, Vienna, and Bratislava.

Equilibrium 1, the first phase of Skanska’s two-part Bucharest office complex, was completed in December 2019 and offers approximately 21,000 sq m of leasable space across 11 floors, along with 240 parking spaces. The second phase of the development was finalised in December 2022.

“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,” said Almos Mikesy, CEO and board chairman of Granit Asset Management. Learn more about transactions in the CEE area by joining the CEE Private Equity Conference in Warsaw. 

Founded in 2009, Granit Asset Management currently oversees HUF 900bn (approx. $2.5bn) in assets on behalf of institutional and retail clients. This latest deal underscores the growing role of private equity in regional real estate markets and highlights the sector’s focus on long-term, income-generating commercial assets.

Skanska, active in Romania since 2011, continues to focus on construction and development of commercial, residential, and public-private partnership projects across Europe and the Americas.