Skanska launches its first office investment in Bucharest

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.

The Green Court Bucharest office scheme will consist of three class A buildings with a total leasable area of 52,000 square metres. 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 square metres of leasable space and the underground car park for two buildings of the complex. Skanska will invest EUR 46 M 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.



Skanska Commercial Development Europe

Skanska Commercial Development Europe is one out of 14 business units within Skanska. The mission is to initiate and develop primarily office buildings. The main focus of operations is the large metropolitan areas in the Czech Republic, Hungary, Romania and Poland. Skanska Commercial Development Europe is divided into four local companies – Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland. More information about Skanska Commercial Development Europe can be found at www.skanska.com/property.



Skanska Romania

Skanska Romania is an innovative developer of green office buildings creating friendly environment for business growth. The company has been operating in Romania since 2011 and is part of the Skanska Group, world leader in project development and construction. The projects of Skanska Romania offer top-quality office space at great locations, which ensures success and satisfaction of tenants and investors. All the investments of Skanska Romania will undergo LEED certification process confirming their compliance with the principles of sustainable development, optimal energy consumption and superior work environment.


Skanska Group

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 2012 totaled SEK 132 billion.