July 3 (SeeNews) - London-listed Globalworth Real Estate Investment, a company targeting opportunities in Romania, said on Tuesday it has bought a land plot in Bucharest for 2 million euro ($2.33 million) from local company Terra Management and Development Group.
The 7,600 sq m land is located in the western part of the city, close to another Globalworth property, Renault Bucharest Connected, which is currently under construction, the company said in a press release.
"Due to its area and location, near Preciziei metro station and the Bucharest-Pitesti highway, it is an important acquisition in our portfolio, therefore continuing our expansion strategy with spaces suitable to the needs of our partners," Globalworth Director of Investments and Capital Markets Mihai Zaharia said.
The deal was made through Elgan Offices- a company owned equally by Globalworth and Elgan Group.
Globalworth is listed on the AIM-segment of the London Stock Exchange. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti.
($=0.8474 euro)