Swedish Skanska enters local market after EUR 14 million land acquisition

Construction and development company Skanska has launched operations in Romania by announcing it will develop an office complex in Bucharest on a 15,000 sqm plot of land. According to Mediafax newswire, Skanska paid some EUR 14 million for the plot of land it bought from Banseasa Investments which is owned by Romanian businessman Gabriel Popoviciu.

The 15,000 sqm plot is located in the Floreasca-Barbu Vacarescu area, on Gara Herastrau Street, next to the Aurel Vlaicu metro station. The future office project – named Green Court Bucharest – will consist of three buildings with a total leasable area of 52,000 sqm.

“The Floreasca-Barbu Vacarescu area has developed into the most dynamic office sub-market in the city. It attracts much attention from the tenant and investment communities thus making it an ideal location for Skanska’s first office development inRomania,” said Andreas Lindelöf (pictured), president of Skanska Romania.

Skanska Group 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 2011 totaled SEK 123 billion (EUR 13.8 billion).

Simona Bazavan

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