ARTICLES LABELLED WITH TAG Globalworth

For many market players, 2020 was a year in which investment plans were changed to keep more liquidity in the company. Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth, tells us about the effects of the COVID-19 pandemic on the investment market but also about the future of the Romanian and Polish markets.

Romanian car manufacturer Automobile Dacia extended its lease for the 69,000 sqm occupied in Pitești Industrial Park, a project owned by 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.