Globalworth Real Estate Inv Ltd Development of Groupe Renault Romania's new HQ (7818K)
July 12 2017 - 1:00AM
UK Regulatory
TIDMGWI
RNS Number : 7818K
Globalworth Real Estate Inv Ltd
12 July 2017
Globalworth Real Estate Investments Limited
Development of Groupe Renault Romania's new headquarters in
Bucharest
Guernsey, 12 July 2017: Globalworth Real Estate Investments Ltd.
("Globalworth" or the "Company"), the leader in Romania's office
real estate market, announces the acquisition by Elgan Offices Srl
of a 57,000 sqm land plot previously owned by Coca-Cola HBC Romania
and the development of Groupe Renault Romania's new headquarters in
Bucharest.
Elgan Offices Srl is a company equally owned by Globalworth and
the Elgan Group (represented by Mr. Simon Roth).
On development completion (expected in Q1 2019), Groupe Renault
will occupy the entire development spanning over 47,000 sqm for a
minimum term of 11 years. This is the largest leasing transaction
ever recorded in the Bucharest office market.
The project is consistent with the Company's strategic focus on
investing in premium buildings anchored by reputable tenants on
long term cash flows and meeting the highest standards of quality,
energy efficiency and environmental protection.
Groupe Renault's new headquarters will be located in western
Bucharest, next to Preciziei Metro Station. This is Globalworth's
first investment in this fast growing and dynamic office submarket
in Bucharest.
This is the second tenancy that Globalworth has signed with
Groupe Renault Romania following the recently completed acquisition
of Dacia's main distribution facility near its Movieni factory. As
a result of this transaction, Groupe Renault Romania will become
Globalworth's largest tenant.
Dimitris Raptis, Deputy Chief Executive Officer and Chief
Investment Officer of Globalworth commented: "This is a landmark
transaction for Globalworth. We are proud and honoured to forge
such a strong and longstanding partnership with Groupe Renault
Romania. The fact that the largest corporate in Romania is becoming
the biggest tenant of Romania's leading office investor is
testament to our unrivalled expertise in building solid
relationships with some of the largest corporates in the world by
delivering landmark, high-quality work spaces that guarantee
performance, competitiveness and a comfortable, productive work
environment".
Yves Caracatzanis, Groupe Renault Romania Managing Director,
added: "Our new single location in Bucharest already has a name,
chosen by our employees: Renault Bucharest Connected. For the first
time since the Groupe Renault started developing its business in
the capital, more than 3,000 employees, dozens of teams, hundreds
of professions shall be located on the same site and will be able
to work even better together. For us, Renault Bucharest Connected
is not only a real estate project, but a management project
dedicated to our colleagues, for better team work, improved working
conditions and efficiency. The creation of collaborative, friendly
work spaces, the proximity to the public transit facilities, as
well as easy access to the Technical Center Titu and to the
industrial site of Mioveni are other goals of the new project".
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
About 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 Euro 983.3
million at 31 March 2017, all located in Romania.
About Groupe Renault Romania
Car manufacturer since 1898, the Groupe Renault is present in
127 countries and in 2016 it sold approximately 3.2 million cars.
In order to meet the great technology challenges of the future and
to continue its profitable growth, the group draws on its
international development. In Romania, the Group has all the
automotive competencies: market studies, design, engineering,
manufacturing and supply chain, sales, business services and
financing. At the core of the Global Access range (the range to
which the Dacia models manufactured in Mioveni belong), the Group
is leader on the local market with the Dacia and Renault brands.
With a high level of expertise in styling and engineering, with a
high standard manufacturing hub, the 16,700 employees of the Groupe
Renault Romania innovate with respect to products and best
practices and are recognized for their professionalism.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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