Globalworth Real Estate has announced that it is buying Nusco Tower for €46m and a parcel of land for €4m. The Tower deal won’t complete until Q2 2015.
GWI : Globalworth buys Nusco Tower, a 20 storey office block on Gara Herastrau, the same street as Globalworth’s recent acquisition, Green Court Building A. Nusco Tower has circa 23,000 square meters (“sqm”) gross leasable area (“GLA”) , 91% of which is leased to well-known multinational tenants like Oracle, Bayer and Volksbank.
They are also buying Nusco Land, a 2,434 sqm plot located on Gara Herastrau, circa 200 meters away from Nusco Tower and adjacent to Green Court Building A. It has all the necessary permits to develop a circa 12,000 sqm GLA office building.