ARTICLES LABELLED WITH TAG Globalworth

Globalworth has added another office block to its portfolio – Podium Park B in Kraków. The second stage of this project has just been completed.

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.

Globalworth announces that Dimitris Raptis is appointed sole CEO of the Group. Ioannis Papalekas is stepping down as CEO of the company effective 15th of December 2020.

Warsaw Trade Tower, one of the tallest skyscrapers in the Polish capital is now being managed by its owner, Globalworth.

Nokia has decided to extend its lease agreements with Globalworth for the office space it occupies in the West Gate and West Link office buildings in Wrocław, Poland. The contract, which covers an area of nearly 30,000 sqm, is the largest lease agreement signed in a Polish regional city market this year.

The cosmetics, food supplements and parapharmaceuticals company Green Net has leased 2,500 sqm in Chitila Logistics Hub, developed by Globalworth and Global Vision. The leasing process was carried out virtually.

Globalworth and Global Vision have leased part of the first warehouse delivered within Constanța Business Park to PepsiCo. The company will lease storage space of approximately 6,000 square meters and an office area of ​​550 square meters.

Globalworth’s revenue and net operating income rose by 9.9% to €114.0 million and by 17.1% to €79.6 million as compared to H1 2019, respectively, mainly due to the acquisition of standing properties in Poland and completion of the development of properties in Romania. Globalworth has published its interim results for the six months ended 30 June 2020.

Globalworth intends to launch a €1.5 billion issue under its Euro Medium Term Note (EMTN) Program. The notes will be sold on the Dublin Stock Exchange.

Globalworth published a trading update summarising the key highlights of its operating performance during the first six months of the year, including some further updates as to the impact of the pandemic crisis on its operations.