ARTICLES LABELLED WITH TAG Globalworth

Globalworth announced the signing of two new facilities with Erste Group for an aggregate amount of €160 million. These facilities are part of the ongoing strategic management of our liquidity and debt management initiatives, further strengthening the company's liquidity position at attractive market terms.

Logistics company Elvada and motorcycles and electric bicycles producer Relive Bike RKS Motor are the new tenants in Constanța Business Park, the project developed near the port area by Global Vision in partnership with Globalworth. The spaces leased by the two firms total 9,600 sqm.

Property investor Globalworth aims to reduce greenhouse gases (GHC) emissions by 40% by 2030 compared to the baseline level of 2019. 

Globalworth has achieved the Access4you certification for its entire portfolio of almost half a million square meters consisting of 16 office buildings in Romania, becoming the first landlord to hold accessibility certification for wheelchair users, the elderly, people with limited mobility, and people with strollers. Colliers, the only Access4you partner for Romania, conducted the audits and completed the audit reports for Globalworth's entire building portfolio.

Globalworth has announced the appointment of Dennis Selinas as the new CEO starting January 2023, replacing Dimitris Raptis, who will step down from the executive role and the position of board member at the end of this year. 

Global Vision and Globalworth Industrial are expanding their joint portfolio with Mureș City Logistics, an industrial and logistics last mile project with a total leasable area of 18,000 sqm. The new investment is slated for delivery in Q1 2023. 

In the first half of the year, Globalworth’s net profit significantly improved to €32.6 million (H1 2021: €12.5 million) due to a fair value gain on investment property and an increase in the share of profit of equity-accounted investments in joint ventures. Globalworth released its interim report and unaudited consolidated financial results for H1 2022.

Dimitris Raptis, Globalworth Group CEO, spoke to Property Forum about the investments made to secure a smooth return of employees to the company’s office buildings and the importance of sustainability and market-leading certifications in a hybrid work ecosystem.

17 Globalworth’s properties in Poland have obtained the WELL Health-Safety Rating safety certification. This means that those assets now meet high health and safety requirements, providing healthy environment for work and social interaction in the face of post-pandemic challenges.

Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.