The developer did not comment on investments currently underway in Romania, such as Globalworth Square and Green Court D developed in the Barbu Vacarescu area in Bucharest.

Globalworth said last year it was planning to start work on two new office projects in Bucharest – Globalworth West, in proximity to the Renault Business Connected building, and Luterana, in proximity to the Radisson hotel on Calea Victoriei in downtown bucharest.

Company officials said earlier this week new projects would register delays of at least three months due to lack of necessary materials and tenants reluctant to relocate from their current offices.

Globalworth’s portfolio brings annual revenues of EUR190 million, of which 85% from offices, 9% retail, 5% logistics and industrial, and 1% from other sectors.