Skanska sells office project in Bucharest, Romania, for EUR 44 M, about SEK 400 M

Skanska Property Romania sells its first office development project in Romania. The new owner of Green Court Bucharest A – the first building of the three-building office complex in Bucharest – will be Globalworth Real Estate Investments LTD, the real estate investment company listed on the AIM section of the London Stock Exchange. The value of the transaction totals EUR 44 M, about SEK 400 M. The sale will be recorded by Skanska Commercial Development Europe in the third quarter 2014 and transfer of the property is scheduled for the second quarter 2015.

Skanska Property Romania sells its first office development project in Romania. The new owner of Green Court Bucharest A – the first building of the three-building office complex in Bucharest – will be Globalworth Real Estate Investments LTD, the real estate investment company listed on the AIM section of the London Stock Exchange. The value of the transaction totals EUR 44 M, about SEK 400 M. The sale will be recorded by Skanska Commercial Development Europe in the fourth quarter 2014 and transfer of the property is scheduled for the second quarter 2015.

Green Court Bucharest is the first project developed by Skanska Property Romania in Bucharest, and on the Romanian market. The total leasable area of this A class office complex, comprising three buildings, is about 52,000 square meters. The sold building offers approximately 19,500 square meters of leasable area. It was completed in the fourth quarter 2014 and is already 91 percent leased, attracting top brands tenants such as Orange Romania and Schneider Electric Romania. The property will be delivered fully leased upon closing.  

The building is LEED Gold precertified.

Skanska Commercial Development Europe initiates and develops property projects in office and commercial buildings. The company’s operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Property Romania and Skanska Property Poland.

For more information, please contact:

Monica Bejan, Communications and Marketing, Skanska Property Romania, tel: +40 725 726 444

Edvard Lind, Group Press Officer, Skanska AB, tel +46 10 448 88 08

Direct line for media, tel: +46 10 448 88 99

This and previous releases can also be found at www.skanska.com 

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America.

Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.

About Us

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

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