Green Court Bucharest will consist of three class A buildings with a total lettable area of 52,000 square meters. Each of the buildings will have twelve stories above ground and three underground, Skanska said in a press release Tuesday.
The completion of the project’s first phase is scheduled for the fourth quarter of 2014. The building has already received LEED Gold pre-certification.
“We are excited to launch our first office investment in Bucharest. This is an important market for us, where we see great potential and have long-term plans. (…) We have received a number of enquiries from potential tenants who are looking for high quality and sustainable products in an established business location,” said Andreas Lindelöf, President of Skanska Romania.
In November 2012, Skanska bought a 15,000-sqm plot of land from Romanian businessman Gabriel Popoviciu to develop its first office project in Romania. The transaction was worth about EUR17 million, VAT included.
According to Skanska, the project will be developed in three phases and will be completed in 2018. Skanska is also the general contractor of the project.
Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. It is present in Sweden, Norway, Denmark, Finland, Estonia, Poland, the Czech Republic, Slovakia, Hungary, the UK, the United States and in several countries in South America.