Globalworth has signed a preliminary agreement to sell five Warsaw office buildings to 5th Corner – a new investment platform set up by Cornerstone Investment Management and other shareholders. In this transaction, which is valued at around €123 million, the buildings in Globalworth’s portfolio that are to be sold are Nordic Park, Bliski Centrum, Batory Building I, Company House I and Warta Tower.
CPI Property Group’s net rental income increased to €175 million in H1 2021 (up 7% versus H1 2020) and its consolidated adjusted EBITDA rose to €172 million (up 5% versus H1 2020). The company published its unaudited financial results for the six-month period ended 30 June 2021.
The European Bank for Reconstruction and Development (EBRD) has agreed to sell its entire stake in Globalworth Real Estate Investments Ltd to Zakiono Enterprises Limited, a company ultimately owned by CPI Property Group S.A. and Aroundtown SA. No value for the transaction has been released.
Globalworth has completed the process of updating the BREEAM certification of its Polish office buildings. In the first half of this year, another 17 buildings in the company’s office portfolio in the country obtained BREEAM In-Use certificates at the ‘Excellent’ level.
CPI Property Group and Aroundtown notified Globalworth of a series of transactions in respect of their existing holdings which have resulted in Zakiono, an entity indirectly owned by the consortium holding a total of 51.50% of the shares in the company. Zakiono now itself holds sufficient voting rights to exert statutory control over the company, including in due course the ability to appoint and remove directors from the board.
HEINEKEN Global Shared Services has leased over 8,500 sqm in Podium Park A, an office building in Kraków's Czyżyny district. The tenant was represented in the transaction by the advisory company Colliers. Its experts also support the client in the process of arranging and preparing the office in the new location.
Globalworth is now the manager of all the buildings in its Polish portfolio – after taking over the management of the Green Horizon office building in Łódź. All 22 office and multi-functional properties owned by Globalworth in the country are now managed by the company.
Havi Logistics will open in the coming months a 21,000 sqm distribution center in Chitila Logistics Hub, a project jointly developed by Globalworth and Global Vision near Bucharest.
The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.
Viking Shared Service Center Cluj has relocated its Cluj-based offices in Record Park, which is owned by AYA Properties Fund and developed by Speedwell. The lease deal was brokered by Griffes.
Asian restaurant Sagakura has signed a lease agreement in America House for a retail space with an area of 103 sqm and a terrace with an area of 130 sqm. Meanwhile, beverage operator Royal Bubble has leased 31.76 sqm and an additional terrace space of 26 sqm in the same building. FruFru, a healthy food & drink option, reopened following a location change in the office project. The lease deals were brokered by Chain Trust.
The Aura Centrum Olsztyn shopping centre saw the opening of the largest Ochnik brand store in the Warmia and Mazury region in Poland. The shop occupies an area of 433 sq m and is located in the modernised passageway of the gallery on level +2.
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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