ARTICLES LABELLED WITH TAG Globalworth

Globalworth has completed new acquisitions of two buildings in Poland, Warsaw Trade Tower (WTT) in Warsaw and Rondo Business Park in Krakow, for c. €170 million. Including these recent additions, Globalworth’s Polish portfolio has grown to almost 500,000 sqm of GLA in office and mixed-use properties.

In 2018 Globalworth registered an increase of 36% in portfolio value compared to 2017, reaching €2.5 billion, split 51% in Romania and 49% in Poland. Also, during last year, the gross leasable area of the company’s combined portfolio grew with over 250,000 sqm to 1 million sqm. Following the dynamic expansion in Poland and the new developments in Romania, Globalworth’s net operating income (NOI) noted an impressive increase by over 160% and exceeded €133 million.

Globalworth announced that Aroundtown SA has acquired an 11.8% stake in the Company. Aroundtown is a real estate company with a focus on properties with value-add potential in central locations in top tier cities primarily in Germany and the Netherlands. With a commercial real estate portfolio worth more than €13 billion, Aroundtown is the largest and highest rated (BBB+ by S&P) commercial real estate company in Germany and the 4th largest in Europe (based on market cap of €8.6 billion).

Globalworth has started the construction of its new office project, Globalworth Square. The project it located in the Barbu Văcărescu area, in Bucharest's busiest office hub, between Globalworth Plaza and Green Court, both owned by Globalworth.

One and a half years after starting work on the site in the western part of Bucharest, Globalworth has finalised the construction of Renault Bucharest Connected (RBC). The project includes 40,000 sqm of Class A offices, served by an underground level with approximately 240 parking spaces, with a further 760 spaces outdoors. Renault Bucharest Connected includes an 8,000 sqm design centre, and the employees who work there will benefit not only from a 350 seat amphitheatre but also other facilities such as a restaurant, gym and a medical office.

Globalworth Poland has taken further steps to manage its Polish real estate portfolio in-house. Between December and January, the company took on the property management of Lumen and Skylight in Warsaw, West Gate in Wrocław, the A4 Business Park in Katowice and Tryton Business House in Gdańsk. Since the company entered the market, Globalworth has gradually internalized the property management of a series of buildings and now handles directly 250,000 sqm in only about one year, which constitutes almost 60% of its portfolio in Poland.

Tower 1 and Tower 2, the first two office buildings of the Globalworth Campus project in Bucharest, have been awarded BREEAM certificates with a rating of 'Excellent'. The certification recognizes the high standards of sustainability and the healthy working environment of the 57,000 sqm of Class A office space in the complex located in the northern part of the city.

Globalworth Poland has closed the acquisition of two office buildings in Warsaw, Skylight and Lumen, from Unibail-Rodamco-Westfield.

Globalworth announced that Dimitris Raptis will be appointed interim CEO of Globalworth Poland Real Estate N.V. (GPRE). At the same time, he will keep his responsibilities within the Globalworth group, as Group Deputy CEO and Chief Investment Officer.

Globalworth Poland has entered into a preliminary sale and purchase agreement with Unibail-Rodamco-Westfield for the landmark acquisition of two high-quality office buildings in Warsaw, known as Skylight and Lumen.