What construction cost does Saint-Gobain report for Globalworth Tower in Bucharest?
Globalworth Tower is a Class A office building on Barbu Vacarescu Street in Bucharest. Globalworth acquired the project in 2013, construction began in 2014, the structure was substantially complete in late 2015, and the owner records formal delivery in February 2016. Facade supplier Saint-Gobain reports EUR 60 million as the tower's construction cost. The owner separately reports acquisition and development investment, which is a broader financial measure and is not the answer to the build-cost question.
Reported project cost
€60 million
Approximately $66.57 million
Cost basis: 2015
The short answer
€60 million
Facade supplier Saint-Gobain reports EUR 60 million to build Globalworth Tower. Converted at the World Bank's 2015 annual average of 0.901296423367095 EUR per USD, that is about USD 66.57 million in nominal historical dollars.
Cost evidence
Basis of the published figure
What the number includes
Cost scope
The answer is the supplier-reported cost of constructing the tower. Globalworth's acquisition-and-development investment and the completed property's market valuation cover different financial scopes; neither is substituted for the tower-build figure.
Project metrics
Key dimensions
- HeightGlobalworth - Globalworth Tower asset profile
- 120 m
Project record
Timeline
Project context
About Globalworth Tower
Construction started in 2014. Saint-Gobain describes the structure as substantially complete in 2015, while owner Globalworth lists formal project delivery in 2016. The owner describes the completed office tower as 120 metres tall with 638 parking places.
Reading the data
How to interpret the figure
The EUR 60 million claim comes from Saint-Gobain's completed-building case study. The 2015 World Bank euro-area annual average is used only to express that historical euro claim in USD; it does not adjust purchasing power or turn acquisition costs into construction costs.