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Globalworth to become the sole owner of the Green Court Bucharest Campus

Globalworth Real Estate Investments has announced the acquisition of Building "C" of the Green Court Bucharest campus developed by the Swedish group Skanska, a press release shows. The gross transaction value is approximately Euro 38 million and the acquisition is expected to close in Q3-2017.

2017-06-30 10:39:45

Located to the north of Bucharest in the Barbu Vacarescu - Floreasca area, the Green Court Bucharest campus is the first project completed by Skanska in Romania. The campus comprises three class "A" office buildings with a total rentable area of 54.300 sqm. Globalworth is the owner of buildings "A" and "B" of the campus, which it acquired in June and December 2015 respectively. Building "C" has a surface area of 16.300 sqm. At present, companies including General Motors, Orange, Capgemini, ABB, Legand and Merck occupy space in Building "C".

Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth, said: "This marks the third transaction between Globalworth and the Swedish developer Skanska and, following its completion, Globalworth will own the entire Green Court Bucharest complex. Together with the other properties that we own in this area, the Green Court Bucharest Campus further strengthens our commanding position in the north Central Business District of Bucharest, the city's largest and most sought-after office hub. This transaction marks another very important step in attaining our strategic objectives and consolidating our portfolio with modern, high-quality and energy efficient buildings."

Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania. The company's portfolio comprises real estate investments valued at 983.3 million Euro at 31 March 2017, all located in Romania.



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