Globalworth starts new office development in Bucharest

03
Dec
2025
News - Globalworth starts new office development in Bucharest #Bucharest #Construction #Ema Iftimie #Globalworth #Green Court D #LEED #Office #Romania #WELL

by Property Forum | Office

Globalworth Romania has begun construction of Green Court D, the fourth building in the Green Court complex in Bucharest's Aurel Vlaicu area. The project is scheduled for completion in 2027 and is currently in the preliminary construction stage involving enclosure and basement excavations.


The building will offer approximately 16,500 sqm of office space across ground floor and 11 upper floors, with three underground parking levels. The project has already secured a 30% pre-lease rate.

"Our latest project, Green Court D, combines state-of-the-art technology and green solutions with sophisticated and comfortable spaces, strengthening Globalworth's position as the largest business community in Romania," said Ema Iftimie, Managing Director of Globalworth Romania.

Green Court D will feature a geothermal system with 19 wells drilled at 125m depth, heat pumps, air-cooled chillers using environmentally friendly refrigerant, and air handling units with heat recovery systems. The building will include a 168 kWp photovoltaic installation, full LED lighting, and EC-motor fan coils for enhanced efficiency.

The building is targeting LEED Platinum certification along with WELL Health & Safety and Access4you certifications. During H1 2025, Globalworth Romania invested approximately €20 million in improvement initiatives across its existing portfolio to increase efficiency and reduce emissions.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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