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Globalworth Real Est (GWI)

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Wednesday 09 August, 2017

Globalworth Real Est

Completed acquisition of Green Court Bucharest

RNS Number : 4586N
Globalworth Real Estate Inv Ltd
09 August 2017
 

Globalworth Real Estate Investments Limited

Completion of the acquisition of the Green Court Bucharest Complex

 

Guernsey, 9 August 2017: Globalworth Real Estate Investments Limited ("Globalworth") is pleased to announce the completion of the previously announced acquisition of Green Court Bucharest Building "C".

 

The transaction was effected through the acquisition of 100% of the shares of SPC Epsilon Property Development Company s.r.l., the company owning the asset, for a consideration paid to Skanska of approximately Euro 38 million.

 

Following the acquisition of Building "C", Globalworth becomes the sole owner of the Green Court Bucharest complex, developed by Skanska, one of the world's leading project development and construction groups.

 

The complex, located in the North of Bucharest, in the Barbu Vacarescu - Floreasca area, comprises  three class "A" office buildings, all of which have been LEED Gold certified and offers a total gross leasable area of 54.300 sqm.

 

Building "C" is a multi-tenanted property, almost entirely leased to tenants such as General Motors, Orange, Capgemini, Tradeshift, ABB, Legrand and Merck, and has a total surface of 16.300 sqm.

 

For further information visit www.globalworth.com or contact:  

Panmure Gordon (Nominated Adviser and Joint Broker)

Andrew Potts

Tel: +44 20 7886 2500

 

Jefferies (Joint Broker)      

Stuart Klein 

Tel: +44 20 7029 8000

 

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
 
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