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.

In the first half of 2020, Globalworth leased nearly 50,000 sqm of office space in its buildings in Poland. In the last 3 months, during very difficult time of the COVID-19 pandemic, the asset management & leasing department of the CEE office investor has signed contracts for a total area exceeding 28,000 sqm.

Globalworth's portfolio in Romania has been consolidated by the prolongation and extension of the lease contracts for a period of 3 - 11 years with key partners such as Adecco, Cegedim, Clinicile și Laboratoarele Sfânta Maria, Mazars and a major bank.

Starting July 2020, Rondo Business Park, an office complex located in Kraków, will be managed by Globalworth. A percentage of over 80% of the company's Polish portfolio is represented by in-house managed assets. 

Globalworth is taking over the property management of five more office buildings in its Polish portfolio. Centrum Lubicz Office in Kraków and Bliski Centrum, Philips House, Nordic Park and Batory Building I in Warsaw have a combined area of ​​over 50,000 sqm.