Globalworth released its annual financial reports for 2019 and issued a COVID-19 statement. Since the beginning of the year, Globalworth has further improved its liquidity, which is currently close to €600 million of available cash.
COVID-19 update and related outlook
Globalworth has become the leading office landlord in the CEE, unfortunately, however, the rapid spread of the coronavirus has caught the company, as well as the global economic system and businesses off guard, creating significant uncertainty for the future. The impact it will have on economic growth at both a European and global level, and on the performance of our business and the real estate markets in Poland and Romania, is difficult to predict. No sector or business will be unaffected by this situation.
“At Globalworth, the safety and wellbeing of our people, partners, communities, and other stakeholders, are and we will continue to be our top priority as we focus on safeguarding our business, protecting our assets and minimising our exposure to the impact of Covid-19. We have already implemented numerous significant measures to protect ourselves and will continue to do so in the future as long as is required. In this respect, since the beginning of the year, Globalworth has further improved its liquidity, which is currently close to €600 million of available cash, and which we will safeguard in order to be able to navigate through this period of significant uncertainty. The entire Globalworth team is committed to fight and overcome this unprecedented crisis,” the statement concludes.
Sign up today for the latest news