Globalworth Real Estate Inv Ltd Acquisition of Green Court Building "C" (6660J)
June 30 2017 - 1:30AM
UK Regulatory
TIDMGWI
RNS Number : 6660J
Globalworth Real Estate Inv Ltd
30 June 2017
Globalworth Real Estate Investments Limited
Globalworth to become the sole owner of the Green Court
Bucharest Campus
Guernsey, 30 June 2017: Globalworth Real Estate Investments Ltd.
("Globalworth" or the "Company"), the leader in the office real
estate market in Romania, is pleased to announce the acquisition of
Building "C" of the Green Court Bucharest campus developed by the
Swedish group Skanska - one of the world's leading project
development and construction groups. The gross transaction value is
approximately Euro 38 million and the acquisition is expected to
close in Q3-2017.
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 and has received LEED
Gold certificate for energy efficiency. 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, commented: "We are delighted to
announce the acquisition of Building "C" of the award-winning Green
Court complex in Bucharest. 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".
The Green Court Bucharest project was developed using
eco-friendly technologies and sustainable solutions used to
minimize the building's environmental footprint and significantly
reduce its operating costs. Modern technology such as the energy
efficient façade, which reduces solar thermal transfer, and energy
efficient lighting systems incorporating motion and intensity
sensors will guarantee a comfortable work environment. The property
also features powering stations for electric cars, special parking
spaces and facilities for bicycles, a green interior courtyard with
free Wi-Fi, and an IT Hub in the reception of Building C, available
not only for office employees but also for local community
members.
"The divestment of the third building of Green Court Bucharest
represents the successful conclusion of our first office
development in Romania. The vision that we had for our project was
to provide an innovative, productive and human-centric workplace,
along with contributing to the community and to the placemaking of
the area that hosts the project. The relationships that we built
with our partners thoroughly confirmed the realization of these
aims.
We wish to thank both our tenants and Globalworth Real Estate
Investments Ltd for their trust and cooperation", stated Marcin
apiński, Managing Director Skanska Property Romania &
Hungary.
For further information visit www.globalworth.com or
contact:
Globalworth Real Estate Investments Limited
Dimitris Raptis
Tel: +40 372 800 000
Panmure Gordon (Nominated Adviser and Joint Broker)
Andrew Potts
Tel: +44 20 7886 2500
Cantor Fitzgerald Europe (Joint Broker)
Rick Thompson
David Foreman
Tel: +44 7894 7000
Milbourne (Public Relations)
Tim Draper Tel: +44 7903 802545
Globalworth Real Estate Investments Ltd.
Globalworth is a real estate investment company active in the
SEE and CEE regions with a prime focus on Romania. The Company is
internally managed by c.70 professionals and its portfolio
comprises high quality real estate investments valued at c. Euro
983.3 million at 31 March 2017, all located in Romania.
Skanska Romania
Skanska Romania is an innovative developer and constructor of
green office buildings creating friendly environment for business
growth. The company has been operating in Romania since 2011 and is
part of the Skanska Group, world leader in project development and
construction. The projects of Skanska Romania offer top-quality
office space at great locations, which ensures success and
satisfaction of tenants and investors. All the investments of
Skanska Romania will undergo LEED certification process confirming
their compliance with the principles of sustainable development,
optimal energy consumption and superior work environment.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQEANKNAEKXEFF
(END) Dow Jones Newswires
June 30, 2017 02:30 ET (06:30 GMT)
Globalworth Real Estate ... (LSE:GWI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Globalworth Real Estate ... (LSE:GWI)
Historical Stock Chart
From Apr 2023 to Apr 2024