The transaction consisted in acquiring 100% of the shares of SPC Epsilon Property Development Company, the company owning the asset, and rose to approximately EUR38 million, which was paid to Skanska Romania.
Located in northern Bucharest, in the Barbu Vacarescu – Floreasca area, Green Court Bucharest is Skanska’s first project in Romania. The compound includes three Class A office buildings, with a total lettable area of 54,300 square meters. Globalworth already owns A and B buildings of the compound, following the acquisitions made in June and December 2015.
The “C” building covers 16,300 sqm and received the LEED Gold certificate for energy efficiency.
Companies like General Motors, Orange, Capgemini, ABB, Legand and Merck currently operate within the building.
Globalworth is the largest office-property owner and developer in Romania, investing in a diversified portfolio of properties located primarily in Romania, but also in the broader south-eastern European (SEE) region and in central and eastern Europe (CEE). Its shares are listed on the Alternative Investment Market (AIM), the London Stock Exchange’s international market for growing companies. Its portfolio includes real estate investments estimated at EUR983.3 million on March 31, 2017.