Globalworth Poland Real Estate has agreed on terms and is conditionally proceeding with the acquisition of Quattro Business Park in Krakow, Poland.

Globalworth has announced the execution of a second loan agreement with its subsidiary, Globalworth Poland (GPRE). The loan is being made available to GPRE for a refinancing of the existing financial indebtedness of GPRE and its subsidiaries and the potential acquisition of two new assets currently under due diligence while offering a more flexible capital structure for the expansionary phase that GPRE is in.

Growthpoint Properties, a South African REIT, has agreed to subscribe for shares in Griffin Premium RE (GPRE). The company is to invest between €120 million and €150 million.

Globalworth Poland (GPRE) announced the acquisition of Warta Tower, a modern office tower in the City Centre West district of Warsaw for a consideration of €55 million.

As at 31 December 2017, Globalworth's combined real estate portfolio was valued at €1,815.4 million, comprising €1,135.3 million in Romania and €680.1 million in Poland via GPRE. Globalworth posted its results for the year 2017.

Griffin Premium Real Estate, 71.7% owned by Globalworth, is being rebranded as Globalworth Poland and will be renamed as Globalworth Poland Real Estate N.V.

Globalworth has completed the acquisition of two additional land plots adjacent to its assets on the Gara Herastrau/Barbu Vacarescu corridor of Bucharest for approximately €16 million. These plots are anticipated to allow for the development of 40,000 sqm of commercial (predominantly office) space. The company published an update for its operations.

Globalworth is, according to zf.ro, in talks with NEPI Rockcastle to acquire The Office Cluj and City Business Centre Timisoara. The investor completed a €330 million ordinary share issue at the end of last year and intends to use the money raised for investments in Poland and Romania.

Globalworth provided an update on a number of initiatives completed prior to year-end: the acquisition of two land plots in Bucharest, an increase in its shareholding in Griffin Premium RE and the completion of the EPP deal.

Globalworth announced that is has acquired a 67.90% of the issued share capital of Griffin Premium Real Estate, a Dutch entity listed on the Warsaw Stock Exchange.