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Globalworth wraps up acquisition of Romanian office building

Globalworth wraps up acquisition of Romanian office building Building B of Skanska's Green Court Boucharest office complex. Author: Skanska. License: All rights reserved.

BUCHAREST (Romania), August 9 (SeeNews) - London-listed Globalworth Real Estate Investment, a company targeting opportunities in Romania, said on Wednesday it has completed the acquisition of the third building in Green Court Bucharest Campus for 38 million euro (44.6 million) .

Following this acquisition of Building C, Globalworth becomes the sole owner of the Green Court Bucharest Campus developed by Swedish developer Skanska, the company said in a press release.

In June, Globalworth said is expects to close the transaction in the third quarter of 2017.

Located to the north of Bucharest, the Green Court Bucharest 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 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.

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 the country, 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.

In June, the European Bank for Reconstruction and Development invested 50 million euro in a 650 million euro bond issued by Globalworth.

In July, Globalworth said it will develop Groupe Renault Romania's new headquarters building on land acquired by Elgan Offices, a company which it equally owns together with Elgan Group.

($= 0.8516 euro)

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