Skanska invests €46 mln in Green Court Bucharest office project (RO)

Skanska has started construction works on the first phase of Green Court Bucharest following the acquisition of land and obtaining the building permit at the end of 2012. The building has already received LEED Gold pre-certification.

Green Court2

The Green Court Bucharest office scheme will consist of three class A buildings with a total leasable area of 52,000 m². Each of the buildings will have twelve stories above ground and three underground. The first phase of the investment will comprise a building offering 19,500 m² of leasable space and the underground car park for two buildings of the complex. Skanska will invest €46 million and is also the general contractor. Completion is scheduled for the fourth quarter in 2014.

"We are excited to launch our first office investment in Bucharest. This is an important market for us, where we see great potential and have long-term plans. Skanska's commitment towards quality, sustainability and ethics, have been strongly embraced by the market. We have received a number of enquiries from potential tenants who are looking for high quality and sustainable products in an established business location. Green Court Bucharest meets these needs fully. By being an integrated construction and development company, we control the value chain thus ensuring deliverability." – said Andreas Lindelöf, President of Skanska Romania.

Skanska's first office project in Bucharest is located at Gara Herastrau Street in the Floreasca-Barbu Vacarescu area which has developed into the most dynamic office sub-market in the city. It offers excellent access to important communication routes and city airports. Thanks to the proximity of Aurel Vlaicu Metro Station and a number of bus and tram lines, the tenants of Green Court Bucharest will also be able to commute easily. Additionally, the building will offer bicycle storage, showers and changing rooms.

The scheme will be built in compliance with the principles of sustainable development, which means that Green Court Bucharest will feature numerous innovative solutions to minimize the buildings' environmental footprint. Like all the projects developed by Skanska in the CEE, the complex will apply for LEED certification. The first phase of Green Court Bucharest has already obtained LEED Gold pre-certification. Modern technologies, such as a highly energy efficient façade and occupancy lighting sensors will not only ensure a comfortable working environment, but will also result in significant reduction of the buildings' operating costs.

Source: Colliers

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