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.

Property developer Globalworth has secured a green loan of €85 million from the IFC, a member of the World Bank, which will be used for the expansion of sustainable projects in Romania. 

Property group Globalworth has inked a 6-year green loan deal worth €85 million with the International Finance Corporation (IFC), which is a member of the World Bank.

Stamatis Sapkas will be the new group CFO of Globalworth starting May 1, replacing Andreas Papadopoulos, who will leave the company after eight years. 

Globalworth has entered into an agreement with Żabka for a number of Żabka Nano self-service stores to open in the company's office buildings in 2022. The first stores have already opened in buildings B and D of Quattro Business Park – a modern office complex in Kraków. The openings of Żabka Nano stores in office buildings represents the latest stage in the expansion of the largest chain of self-service stores in Europe, which already amounts to 41 outlets.

Property investor Globalworth has purchased a small business units logistics project previously developed by CATTED in Chitila, near Bucharest. Furthermore, the two companies will acquire a land plot of around 45,000 sqm in Ștefănești for a new logistics investment.

Globalworth’s net profit in 2021 significantly improved to €47.5 million (2020: net loss of €46.8 million) while it recorded its best year in office leasing with 214,500 sqm of spaces taken up or extended. The company has released its annual report and audited consolidated financial results for 2021.

Property developer Globalworth is providing 12,000 sqm of its portfolio in Romania and Poland for Ukraine war humanitarian relief efforts. The spaces will be used to accommodate refugees and provide them with related logistical support as well as depositing and sorting the donations. 

Globalworth’s adjusted normalised EBITDA decreased by 8.1% to €130.2 million in 2021, compared to €141.6 million in 2020, due to a lower net operating income. Net profit significantly improved to €47.5 million (2020: net loss of €46.8 million) due to marginal revaluation losses of €5.7 million in 2021 compared to the €116.2 million revaluation losses in 2020. The company published its unaudited financial results for 2021

Supersam, a mixed-use destination in Katowice which includes a shopping centre and office buildings, is undergoing a transformation. It will soon feature more office space as well as a new restaurant section. The Konior Studio led by Silesian architect Tomasz Konior is responsible for the redevelopment project. The work should be completed in Q4 2022.