Last checked at 22 Mar 2023 16:53
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
22 March 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
S&P Rating Action
Globalworth (AIM: GWI), the leading office investor in Central and Eastern Europe, hereby acknowledges that Standard & Poor's ("S&P") has downgraded its corporate credit rating and rating of Globalworth's green bonds due 2026 to BB+ with a stable outlook.
Globalworth remains committed to maintaining a strong balance sheet and a prudent approach to risk management.
For further information visit www.globalworth.com or contact:
Enquiries
| |
Stamatis Sapkas Chief Financial Officer
| Tel: +40 732 800 000 |
Panmure Gordon (Nominated Adviser and Broker) Dominic Morley
| Tel: +44 20 7886 2500 |
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 pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.
For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.
A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.