Globalworth buys building in Green Court office complex

Globalworth investment fund, the company founded and lead by Greek business man Ioannis Papalekas, bought the B building of the Green Court office complex from the Swedish firm Skanska.

“Green Court Bucharest is a prestigious, newly built class-A office park comprising three buildings, strategically located in Bucharest's new central business district and very close to Globalworth's existing Bucharest One, Nusco Tower and Gara Herastrau investments. The Company has owned the first building, Green Court Building 'A', since June 2015.”(1)

The building was bought for 47 million EUR and the advisors in this transaction were, on the legal side Nestor Nestor Diculescu Kingston Petersen, on the technical side Aquarius Group and, in terms of financial counseling, EY was involved.

According to information provided by the London Stock Exchange, where the company is listed, “building 'B' has a leasable area of c.18,600 sqm and was officially opened in June 2015. It is now more than 80% leased to major tenants such as Carrefour, Sanofi, Adecco, Colgate Palmolive and RINF Outsourcing Solutions. The property has received the LEED Gold pre-certification.”

Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth Real Estate Investments stated: "We are pleased to have been able to continue our partnership with Skanska in Romania with the acquisition of Building "B" of the Green Court Bucharest project. This transaction represents an important milestone for Globalworth which will own two of the three buildings in the city's newest class-A office park, further consolidating our leading position in Bucharest's new central business district."

(1)http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12574742.html