Globalworth buys third Green Court Bucharest building

03
Jul
2017
News - Globalworth buys third Green Court Bucharest building #Bucharest #Globalworth #investment #office #Romania #Skanska

by Ákos Budai | Investment

Globalworth Real Estate Investments has acquired Building C of the Green Court Bucharest campus developed by Skanska. The gross transaction value is approximately €38 million and the acquisition is expected to close in Q3 2017.


Located to the north of Bucharest in the Barbu Vacarescu - Floreasca area, the Green Court Bucharest campus 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 sqm. 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 sqm 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. Modern technology such as the energy efficient façade, which reduces solar thermal transfer, and energy efficient lighting systems incorporating motion and intensity sensors will guarantee a comfortable work environment. The property also features powering stations for electric cars, special parking spaces and facilities for bicycles, a green interior courtyard with free Wi-Fi, and an IT Hub in the reception of Building C, available not only for office employees but also for local community members.

"This marks the third transaction between Globalworth and the Swedish developer Skanska and, following its completion, Globalworth will own the entire Green Court Bucharest complex. 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”, Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth commented.



New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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