The transaction was made by acquiring 100% of the shares of Epsilon Property Development Company, the company that owned the asset, and has a value of approximately EUR 38 million, an amount paid to Skanska Romania.

Upon completion of the acquisition, Globalworth became the sole owner of Green Court Bucharest, developed by Skanska Romania.

The Green Court Bucharest complex, located in the north of Bucharest, in the Barbu Văcărescu - Floreasca area, consists of three "A" class offices, LEED Gold certified, and offers a total rental area of 54,300 sqm.

The C building is a multi-tenant property, rented almost entirely by tenants such as General Motors, Orange, Capgemini, Tradeshift, ABB, Legrand and Merck, and has a total area of 16,300 sqm.

The value of Globalworth's portfolio reached 983.3 million euros on 31 March 2017.
Meanwhile, Skanska started the development of another office building in northern Bucharest. The company is also working on a separate office project in the central-western part of the city. (source: