June 30 (SeeNews) - London-listed Globalworth Real Estate Investment, a company targeting opportunities in Romania, said on Friday it has paid 38 million euro (43.3 million) for the third building in Green Court Bucharest Campus, becoming its sole owner.
The acquisition is expected to close in the third quarter of 2017, Globalworth said in a press release.
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Located to the north of Bucharest, the Green Court Bucharest campus is the first project completed by Swedish developer Skanska in Romania. The campus comprises three class A office buildings with a total rentable area of 54,300 sq m.
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 sq m 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.
"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," deputy CEO and chief investment officer at Globalworth Dimitris Raptis said.
The 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 costs.
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. Its shares are listed on the Alternative Investment Market (AIM), the London Stock Exchange’s international market for growing companies.
On Wednesday, the European Bank for Reconstruction and Development said it has invested 50 million euro in a 650 million euro bond issued by Globalworth.
($= 0.8759 euro)