Acquisition of Green Court Bucharest Building "B"

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[{"type":"text","content":"\n \nRNS Number : 1107F Globalworth Real Estate Inv Ltd 10 November 2015  \n\nGlobalworth Real Estate Investments Limited\n \nAcquisition of Green Court Bucharest Building \"B\" from Skanska Romania\n \nGuernsey,  10 November 2015: Globalworth Real Estate Investments Ltd. (AIM: GWI) (\"Globalworth\" or the \"Company\"), the real estate investment company targeting opportunities in Romania, is pleased to announce the acquisition of Skanska's second building in the Green Court Bucharest project. The gross transaction value is approximately Euro 47 million. Closing of the acquisition is expected in December 2015.\nGreen Court Bucharest is a prestigious, newly built class-A office park comprising three buildings, strategically located in Bucharest's new central business district and very close to Globalworth's existing Bucharest One, Nusco Tower and Gara Herastrau investments. The Company has owned the first building, Green Court Building \"A\", since June 2015.\nBuilding \"B\" has a leasable area of c.18,600 sqm and was officially opened in June 2015. It is now more than 80% leased to major tenants such as Carrefour, Sanofi, Adecco, Colgate Palmolive and RINF Outsourcing Solutions.  The property has received the LEED Gold pre-certification.  \nDimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth Real Estate Investments commented:\n\"We are pleased to have been able to continue our partnership with Skanska in Romania with the acquisition of Building \"B\" of the Green Court Bucharest project. This transaction represents an important milestone for Globalworth which will own two of the three buildings in the city's newest class-A office park, further consolidating our leading position in Bucharest's new central business district.\"\nGlobalworth's advisors to the transaction were Nestor Nestor Diculescu Kingston Petersen (legal), the Aquarius Group (technical) and EY (financial).\n \nFor further information visit www.globalworth.com or contact:\n \nPanmure Gordon (Nominated Adviser and Joint Broker)              Tel: +44 20 7886 2500\nNicola Marrin\n \nCantor Fitzgerald Europe (Joint Broker)               &nbsp...

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