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Globalworth completes construction of Renault Bucharest Connected building

Globalworth completes construction of Renault Bucharest Connected building new Renault HQ in Romania

BUCHAREST (Romania), February 18 (SeeNews) - London-listed Globalworth Real Estate Investment said on Monday that it has completed the construction of Renault Bucharest Connected (RBC) in the western part of the Romanian capital.

The project includes 40,000 sq m of Class A offices, served by an underground level with approximately 240 parking spaces, with a further 760 spaces outdoors, it said in a press release.

Renault started works on the 58,000 sq m project one and a half years ago.

In August, Globalworth contracted a 46 million euro ($52 million) loan from Romanian bank BCR to develop the building.

Groupe Renault will occupy the entire development for a minimum term of 11 years, it said at the time.

Globalworth is the largest office-property owner and developer in Romania, investing in a diversified portfolio of properties located primarily in Romania, but also in the broader Southeast European region and in central and eastern Europe. The combined value of its portfolio reaches 2.5 billion euro.

($= 0.8829 euro)

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