Globalworth Real Estate Inv Ltd EUR85 million loan agreement with the IFC (6331N)
June 01 2022 - 11:20AM
UK Regulatory
TIDMGWI
RNS Number : 6331N
Globalworth Real Estate Inv Ltd
01 June 2022
FOR IMMEDIATE RELEASE
1 June 2022
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
EUR85 million loan agreement with the IFC
Globalworth, the leading office investor in Central and Eastern
Europe, is pleased to announce that the Company and Globalworth
Holdings Cyprus Limited have entered into a six-year term loan
agreement for EUR85 million (the "Loan") with the International
Finance Corporation ("IFC"), which is a member of the World
Bank.
The Board of Globalworth considers that the Loan will further
strengthen the Company's liquidity position and provide the Company
with flexible capital on attractive terms. In accordance with its
terms, an equivalent amount of the Loan proceeds will be allocated
to eligible commercial property projects in Romania according to
the Company's green loan framework.
Mihai Zaharia, Head of Investments Romania and Group Capital
Markets Director, Globalworth, commented: "We are delighted,
through this Loan, to be extending our collaboration with the IFC.
It is our first green loan since we launched our inaugural green
bond back in 2020 and we believe it firmly demonstrates the
sustainability of the Globalworth business and the markets in which
Globalworth operates."
For further information visit www.globalworth.com or
contact:
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
Group CFO
Panmure Gordon (Nominated Adviser and Broker) Tel: +44 20 7886
2500
Alina Vaskina
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 240 professionals across
Cyprus, Guernsey, Poland and Romania, a combined value of its
portfolio is EUR3.2 billion, as at 31 December 2021. Approximately
95.9% of the portfolio is in income-producing assets, predominately
in the office sector, and leased to a diversified array of over 660
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 and Oradea.
For more information, please visit www.globalworth.com and
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END
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