Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlobalworth Regulatory News (GWI)

Share Price Information for Globalworth (GWI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.43
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.10 (4.202%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 2.43
GWI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition in Poland

25 May 2018 16:15

RNS Number : 3966P
Globalworth Real Estate Inv Ltd
25 May 2018
 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

 

25 May 2018

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Acquisition in Poland

Globalworth is pleased to announce the acquisition of West Link, a recently completed office property in Wroclaw, by Globalworth Poland ("GPRE")1. West Link is a high-quality office building located to the west of the city centre and is well situated on Wroclaw's key communication arteries. It offers 14,400 sqm gross leasable area and occupancy of 100%, with an annual contracted rental income of €2.5 million and a weighted average lease length in excess of 6 years. The main tenant is Nokia Solutions & Network, which is also the main tenant at GPRE's West Gate, an adjacent high-quality office property which comprises a further 16,600 sqm.

This transaction, structured as a forward purchase agreement, was set out in GPRE's prospectus at the time of GPRE's IPO in April 2017. It was based on a total consideration of €35.8 million, of which GPRE part-funded €18 million through a forward purchase debenture in June 2017, with the remaining consideration payable on completion after reflecting working capital and other customary adjustments.

 

[1] Globalworth has a 71.7% shareholding in Globalworth Poland Real Estate N.V. ("GPRE")

 

For further information visit www.globalworth.com or contact:

Enquiries

Andrew Cox Tel: +44 20 3026 4027

Head of Investor Relations & Corporate Development

Jefferies (Joint Broker) Tel: +44 20 7029 8000

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500

Andrew Potts

Milbourne (Public Relations) Tel: +44 7903 802545

Tim Draper

 

About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the leading office investor in the Romanian real estate market and now has established a significant platform in Poland, through a 72% shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is €1.9 billion, of which over 90% is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, whilst assets in Poland span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please refer to http://www.globalworth.com/.

 

IMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ACQUVAVRWRAVUAR
Date   Source Headline
1st Jul 20152:33 pmRNSDebt financing closed against Green Court A
1st Jul 20152:33 pmRNSQuarterly Update and Q1 2015 EPRA NAV
1st Jul 20157:00 amRNSAcquisition of Green Court Building A
30th Jun 20157:00 amRNSAvailability of annual report
30th Jun 20157:00 amRNSAudited and Consolidated 2014 Financial Results
26th Jun 20152:47 pmRNSFurther Financing
31st Mar 20153:45 pmRNSAcquisition of Unicredit Building and Nusco Tower
16th Feb 20157:00 amRNSTrading Statement
23rd Dec 20149:40 amRNSHolding(s) in Company - Replacement
23rd Dec 20149:01 amRNSHolding(s) in Company
23rd Dec 20149:00 amRNSHolding(s) in Company
22nd Dec 20147:00 amRNSAcquisition of Unicredit Headquarters Building
19th Dec 20145:10 pmRNSStatement re Romanian Press
19th Dec 20144:23 pmRNSAdditional Listing
8th Dec 20147:00 amRNSAcquisition of Nusco Tower
5th Dec 20147:00 amRNSSigning of new lease agreement at TAP
27th Nov 20147:00 amRNSAcquisition of Green Court
21st Nov 20147:00 amRNSSigning of landmark lease agreement
17th Nov 20147:00 amRNSQ3 Trading Update and EPRA NAV
31st Oct 20147:00 amRNSClosing of EUR 30 million debt financing facility
30th Sep 20147:00 amRNSAppointment of New Non-Executive Directors
25th Sep 20147:00 amRNSHalf Yearly Report
5th Aug 20141:56 pmRNSAcquisition of TAP
30th Jul 20149:30 amRNS1st Quarter Results
8th Jul 20144:03 pmRNSName change of Administrator and Company Secretary
20th Jun 20147:00 amRNSAcquisition of Land Plots in Bucharest
19th Jun 20142:33 pmRNSResult of AGM
15th May 20144:00 pmRNSPosting of Annual Report and Notice of AGM
29th Apr 201411:15 amRNSHolding(s) in Company
29th Apr 201411:15 amRNSHolding(s) in Company
23rd Apr 20144:30 pmRNSCompletion of Fundraising
11th Apr 20142:30 pmRNSPassing of Written Resolution
25th Mar 20147:05 amRNSShare Issue
25th Mar 20147:00 amRNSProposed Placing of Ordinary Shares
24th Mar 20147:05 amRNSTrading and Market Update
24th Mar 20147:00 amRNSUnaudited pro forma consolidated 2013 financials
20th Mar 20144:57 pmRNSAcquisition of Upground Towers
19th Feb 20147:00 amRNSAcquisition of Tower Center International
14th Feb 20147:00 amRNSBank facility signed with UBS
12th Feb 20147:00 amRNSFinal Results
31st Jan 20147:00 amRNSContractor appointed for Bucharest One
29th Jan 20147:00 amRNSAppointment of CFO
27th Dec 20137:01 amRNSChange of Registered Office
27th Dec 20137:00 amRNSAcquisition of Bucharest One
16th Dec 20137:00 amRNSAcquisition
5th Dec 20137:00 amRNSDirectorate Change
30th Sep 20137:00 amRNSCompletion of first acquisition
27th Sep 20137:00 amRNSUnaudited interim results to 30 June 2013
11th Sep 20134:16 pmRNSUpdate on Anticipated Acquisition of Tower Center
14th Aug 201311:50 amRNSTR-1: Notification of Major Interest in Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.