GWI : Globalworth expands Bucharest office portfolio
Globalworth has bought Green Court, which they describe as “a newly built A-class office property development, strategically located in Bucharest’s new central business district”. The building is close to Globalworth’s existing Bucharest One development.
They bought the building from Skanska who are constructing a group of three offices which will have 52,000 sqm of space between them. This one, Building A, has a leasable area of 19,500 sqm and was officially opened at the end of October 2014. It is now 91% leased with Schneider Electric Romania and Orange Romania being the main tenants, on long term leases, and will be delivered fully leased on completion.
Globalworth are paying €44m for this building and they expect the deal to complete in Q2 2015.