Last checked at 4 May 2017 07:00
4 May 2017
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Globalworth Real Estate Investments Limited
Closing of acquisition of Automobile Dacia S.A. ("Dacia") distribution facility
Globalworth Real Estate Investments Limited (AIM: GWI) ("Globalworth" or "the Company"), the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, is pleased to announce that it has closed the previously announced acquisition of a modern warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis.
The transaction value is circa Euro 42.5m and this has been financed via a continuing debt facility of Euro 23.5 million from the property's existing lender and the balance from existing cash resources.
For further information visit www.globalworth.com or contact:
Globalworth Real Estate Investments Limited Tel: +40 37 2 800 000Dimitris Raptis
Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500
Andrew Potts
Cantor Fitzgerald Europe (Joint Broker) Tel: +44 20 7894 7000
Rick Thompson
David Foreman
Milbourne (Public Relations) Tel: +44 7903 802545
Tim Draper
About Globalworth:
Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania. The Company is internally managed by c. 70 professionals and its portfolio currently comprises 15 high quality real estate investments currently valued at c. Euro 962.4 million, all located in Romania.