Acquisition of Green Court Building "C"

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 6660J Globalworth Real Estate Inv Ltd 30 June 2017  \n\nGlobalworth Real Estate Investments Limited\n \nGlobalworth to become the sole owner of the Green Court Bucharest Campus\n \nGuernsey, 30 June 2017: Globalworth Real Estate Investments Ltd. (\"Globalworth\" or the \"Company\"), the leader in the office real estate market in Romania, is pleased to announce the acquisition of Building \"C\" of the Green Court Bucharest campus developed by the Swedish group Skanska - one of the world's leading project development and construction groups. The gross transaction value is approximately Euro 38 million and the acquisition is expected to close in Q3-2017.\n \nLocated to the north of Bucharest in the Barbu Vacarescu - Floreasca area, the Green Court Bucharest campus is the first project completed by Skanska in Romania. The campus comprises three class \"A\" office buildings with a total rentable area of 54.300 sqm. Globalworth is the owner of buildings \"A\" and \"B\" of the campus, which it acquired in June and December 2015 respectively. Building \"C\" has a surface area of 16.300 sqm and has received LEED Gold certificate for energy efficiency. At present, companies including General Motors, Orange, Capgemini, ABB, Legand and Merck occupy space in Building \"C\".\n \nDimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth, commented: \"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, the Green Court Bucharest Campus further strengthens our commanding position in the north Central Business District of Bucharest, the city's largest and most sought-after office hub. This transaction marks another very important step in attaining our strategic objectives and consolidating our portfolio with modern, high-quality and energy efficient buildings\".\n \nThe Green Court Bucharest project was developed using eco-friendly technologies and sustainable solutions used to minimize the building's environmental footprint and significantly reduce its operating c...

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