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Globalworth to become the sole owner of Green Court offices

In June 2017, we became the sole owner of the Green Court office complex, the first project completed by the Swedish group Skanska in Romania - one of the world’s leading project development and construction groups. The campus comprises three class “A” office buildings with a total leasable area of 54,400 sqm. At present, companies such as General Motors, Orange, Capgemini, ABB, Legand and Merck occupy space in the property. The gross transaction value is approximately EUR38 million.

“We are delighted to announce the acquisition of Building “C” of the award winning Green Court complex in Bucharest. This marks the third transaction between Globalworth and the Swedish developer Skanska, and following its completion, Globalworth will own the entire Green Court Bucharest complex. Together with the other properties that we own in this area, Green Court contributes to the strengthening of our leading position in the north CBD of Bucharest, the city’s largest and most sought-after office hub. This transaction is a very important step in reaching our strategic objectives and consolidating our portfolio with modern, high-quality and energy efficient buildings”, stated Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth.

The Green Court Bucharest project was developed using eco-friendly technologies and sustainable solutions used to minimise the building’s environmental footprint and significantly reduce its operating costs. Modern technology such as the energy efficient façade which reduces solar thermal transfer, and energy efficient lighting systems that have motion and intensity sensors, will guarantee a comfortable work environment. The property also features powering stations for electric cars, special parking spaces and facilities for bicycles, a green interior courtyard with free Wi-Fi, and an IT Hub in the reception of Building C, available not only for office employees but also for local community members.