LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Wednesday said it has closed the acquisition of Skanska's Green Court Building A in Bucharest for EUR42 million, which it paid from existing cash resources.
Globalworth, which targets real estate opportunities in Romania and central Europe, said the building has a leasable area of 19,500 square metres and was officially opened at the end of October. The main tenants on long-term leases are Schneider Electric Romania and Orange Romania.
Green Court Building A is a newly built office property development in Bucharest's new central business district, close to Globalworth's existing Bucharest One development. It had previously been valued at EUR45.6 million.
Shares in Globalworth were untraded on Wednesday, last trading at 5.50 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Globalworth (GWI)