July 14, 2014

Skanska to invest €33 million in second phase of its Green Court office project

Skanska to invest €33 million in second phase of its Green Court office project

Swedish group Skanska will invest €33 million in the development of the second phase of the Green Court office project in Romania’s capital Bucharest. The construction contract is worth €20 million.

Skanska Commercial Development carries out the investment as well as the construction, through its subsidiaries Skanska Property Romania and Skanska Construction Romania.

Work on the new office building B of the Green Court project started in April 2014 and should be finished in May 2015. It will comprise of about 18,000 sqm, with 12 above ground floors and three underground. The second phase also includes the underground structure for the third building of the complex.

The first phase of the project, which includes office building A, with some 19,500 sqm of leasable area and the underground parking for buildings A and B, is almost finished. The company’s investment in the first phase was €46 million. Building A should be completed in autumn. It is already 90 percent leased by clients such as Orange Romania and Schneider Electric.

Both buildings in Skanksa’s Green Court project in Bucharest will undergo LEED certification process confirming their compliance with the principles of sustainable development, optimal energy consumption and superior work environment.

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