Friday
25 May 2018
ADVERTS

Globalworth invests €15M in two land plots in Romania

02 January 18 - RE+D Magazine
Globalworth invests €15M in two land plots in Romania

COMPANIES

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
The Italian Nusco family, which owns the Pinum door manufacturer and several plots of land in the Pipera area, sold two plots of land in the Barbu Vacarescu area, in Northern Bucharest, to Globalworth, at the end of 2017.

 

According to romaniainsider.com, the investment in the two plots reached €16 million. It will allow Globalworth to develop an area of about 40,000 sqm, mostly destined for offices, according to Globalworth representatives cited by local Ziarul Financiar.

The first plot covers 6,500 sqm and is located near Globalworth Plaza, the former Nusco Tower, which Globalworth bought in 2014 for EUR 46 million. In 2012, the firm Nusco Twin Towers advanced the proposal to build an office building of up to 75 meters on this plot.

The second plot covers 4,000 sqm and is located on Gara Herastrau Street, near the Green Court office project, also owned by Globalworth. The investment fund can now start the construction of the fourth office building within the Green Court project.

The acquisition of the two plots of land will be completed in the first quarter of the next year.

Comments

You must be logged in to make a comment
WAVE MEDIA OPERATIONS IKE © 2001-2017
Internet Business Hellas