Bucharest, August 6th, 2013 – GTC & Bluehouse have successfully finalized the certification process for the first tower of its City Gate project in Bucharest, with City Gate North Tower becoming the first existing building in Bucharest to obtain a LEED Gold certification. This is also the first green certification project closed by Colliers International in Romania.

City Gate, GTC's & Bluehouse’s office project in the centre of Bucharest is an ultra modern development comprising two 18-storey office towers in Presei Libere square. The Class A office project, with a gross built area of 44,000 square meters, provides a modern working environment to well known tenants such as Rompetrol, Romtelecom, Microsoft, Millenium Bank, Hoffmann-La Roche, Alcatel, E.ON, Chevron etc.

Given its exceptional quality, the project was awarded twice by CEE Real Estate at the ”Projects” category in 2012 and, also, won a GREEN Building certificate at the 2012 edition of the Europa Property SEE Awards. Previously, the project was honored both as the best office development in 2009 (CEE Real Estate Office Development of the Year) as well as the best overall building of the year 2009 (CEE Real Estate Buliding of the Year).

“We are extremely happy with the results of the green certification process of City Gate North. The decision reinforces our commitment towards commercial property development in Romania and sets positive prerequisites for the future certification of the South Tower, soon to be completed. The developers of this project are looking forward to benefit from the certification by reducing the maintenance cost of the project, parallel to the attribute preserved of the green resources”, said Shimon GALON, CEO of GTC Romania.

 „City Gate is further evidence that green building is more than just a trend and that the market is listening to what tenants demand for office space, especially Multi National Corporations”, states Stefania BALDOVINESCU, Director of the Property Management division at Colliers International Romania.

Colliers International is one of the first real estate companies in Romania with accreditied professionals to offer green certification advisory services, following the launch of its dedicated service in 2011. Colliers offers consultancy for LEED and BREEAM certifications for existing buildings, with the purpose of improving their performance and sustainability, as well as for new developments. Presently Colliers assists 12 projects in Romania and over 20 projects throughout Central and Eastern Europe in obtaining the Green Certification.

GTC Romania is a subsidiary of Globe Trade Centre S.A., which has been active on the Central and Eastern European markets as a developer since 1994. Since then, it has become one of the leading developers in Central and Eastern Europe. GTC Develops projects in the three main real estate markets: office buildings, shopping centers and residential properties. GTC’s portfolio includes 412 000 sqm of completed office and retail space, approx.260 000 sqm of commercial property under construction and the land bank with building rights of 1.6m sqm of net office, retail and residential space.

Bluehouse is a private equity real estate investment management firm with a focus in the property markets in South-East Europe. Founded in 2005, Bluehouse has invested in over 20 property transactions in the office, residential, retail and industrial sectors, by leveraging its strong local presence, sourcing proprietary investment opportunities and co-investing alongside multinational developers in large scale projects.