“Globalworth has one of the best office portfolios in the CEE region,” said Martin Nemecek, CEO of CPIPG. “We believe Globalworth will continue to deliver excellent returns and are proud to introduce CPIPG as a supportive shareholder. Considering CPIPG’s financial policy, commitment to credit ratings and current capital structure, the Group does not intend to make a takeover offer for Globalworth in the near-term. As a new shareholder, CPIPG looks forward to sharing ideas and common experiences with Globalworth’s management, employees and other stakeholders."

Globalworth is a listed real estate company active in Romania and Poland, quoted on the AIM-segment of the London Stock Exchange. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high-quality tenants from around the globe. Managed by over 200 professionals across Romania and Poland, the combined value of its portfolio is €2.85 billion, as at 30 June 2019 pro forma for subsequent acquisitions.  Over 95% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 685 national and multinational corporates.  In Romania, Globalworth is present in Bucharest, Timisoara, Constanta and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice.