Globalworth expands portfolio by new acquisition on Preciziei Blvd in Bucharest

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Globalworth has announced the acquisition of a new plot of land in Bucharest, on Preciziei Boulevard, by Elgan Offices, a company equally owned by Globalworth and Elgan Group (represented by Simon Roth). The transaction mounts to about EUR 2 million.

The new plot of land, previously held by Terra Management & Development Group, has an area of about 7,600 square meters and is located on 3F Preciziei Boulevard, near the future HQ of Groupe Renault Romania, also developed by Globalworth.

Renault Bucharest Connected is currently under construction and is to be concluded in the first part of 2019. The project stretches on an area of 47,000sqm and consists of A class offices, also including a showroom for the vehicles under Groupe Renault Romania brand, 1,000 parking lots, an auditorium, a restaurant and a doctor’s office.

„After a new major location has been added on Globalworth map last year, the Bucharest Renault Connected project, we announce today the acquisition on Preciziei Boulevard, through which we want to enhance our position in this part of Bucharest,” said Mihai Zaharia, Director of Investment department Globalworth.


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