London AIM-listed Globalworth Real Estate Investments has acquired the second building delivered at Skanska's Green Court office project in Bucharest for €47 mln.
London AIM-listed Globalworth Real Estate Investments has acquired the second building delivered at Skanska's Green Court office project in Bucharest for €47 mln.
The Green Court Bucharest office complex comprises three buildings with a total leasable area of 54,500 m2 in Bucharest's new central business district.
Building B provides 18,600 m2 of space and opened for business in April 2015. The property is more than 80% leased, and the main tenants include Sanofi Romania, Adecco Romania, Carrefour Romania, Colgate Palmolive Romania and RINF Outsourcing Solutions.
Skanska was advised by CBRE, acting as the company’s exclusive agent, in the sale of Building B. Nestor Nestor Diculescu Kingston Petersen provided legal support to the purchaser and PeliFilip provided legal advice to the seller.
Globalworth completed the purchase of the 19,500 m2 Building A at Green Court, Skanska's first Romanian office project, for €42 mln back in July this year. Skanska plans to deliver Building C in June 2016.
Adrian Karczewicz, transaction director at Skanska Commercial Development Europe, added that the market in Bucharest is very promising for investors looking for prime office products, as it compares favorably to more mature western and northern European markets, offering attractive yields and a steady, long-term rental income.
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INVESTMENT BRIEFING
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Outlook 2016: Europe & CEE
Time 09:30 - 12:00
Location Dentons, Rondo ONZ 1, Warsaw 00-124, Poland
The fourth year of the successful Outlook series of investment briefings is coming to Warsaw and will provide insights from leading figures on the investment outlook for real estate markets in both CEE and Europe.
http://investment-briefings.propertyeu.info/event-calender/?id=1457/link]
