The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Closing of acquisition of Dacia facility

4 May 2017 07:00

RNS Number : 1205E
Globalworth Real Estate Inv Ltd
04 May 2017
 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQAJMPTMBTMBFR

Related Shares

Back to RNS

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.