Globalworth acquires Green Court Bucharest office building

Globalworth Real Estate Investments Ltd. announced the acquisition of the "C" building of the Green Court Bucharest office building, developed by Skanska. The gross transaction value is estimated at 38 million euros, and the acquisition is scheduled for the third quarter of 2017.

Located in northern Bucharest, in the Barbu Văcărescu - Floreasca area, the Green Court Bucharest campus is the first project made by Skanska in Romania. The campus comprises three A-class office buildings with a total rental area of ​​54,300 sqm. Globalworth already owns the A and B buildings of the complex as a result of acquisitions made in June and December 2015 respectively. The C building has a surface area of ​​16,300 square meters and was awarded the LEED Gold Energy Efficiency Certificate. Currently, companies like General Motors, Orange, Capgemini, ABB, Legand or Merck operate here.

"We are pleased to announce the acquisition of the C building, part of the award-winning Green Court Bucharest. This marks the third transaction between Globalworth and Swedish developer Skanska, following which Globalworth becomes the sole owner of Green Court Bucharest. Along with the other properties we have in this area, Green Court Bucharest contributes to strengthening our position in the northern part of the Central Business District (CBD), the largest and sought office hub in Bucharest. This transaction is a very important step in achieving our strategic goals and building our portfolio with modern, high-quality and energy-efficient buildings, "said Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer.

The Green Court Bucharest project has been developed using environmentally friendly technologies and sustainable solutions to minimize environmental footprint and significantly reduce operating costs. Modern technologies, such as the energy-efficient façade that reduces solar thermal transfer, energy-efficient lighting systems equipped with motion and intensity sensors provide a comfortable working environment. The property also includes power stations for electric cars, bicycle parking areas and bicycle facilities, an interior courtyard with free green areas and free Wi-Fi and an IT Hub in the "C" building reception, available not only for employees Companies, but also for members of the local community.

"The sale of the third Green Court Bucharest building represents the successful conclusion of our first office development project in Romania "said Marcin Łapinski, Managing Director of Skanska Property Romania & Hungary.

Globalworth is a real estate investment company operating in Central and South-Eastern Europe, focusing mainly on the Romanian market. The company is managed by approximately 70 professionals and its portfolio includes high quality real estate investments located in Romania, with an estimated value of 983.3 million euros on 31 March 2017.

Skanska Romania is a developer and builder of office buildings. The company started its activity in Romania in 2011 and is part of the Swedish Skanska Group, world leader in real estate development and construction.