REG - Globalworth Real Est - Credit Rating & Change of name of nomad

Globalworth Real Estate InvestmentsAnnouncement

01/07/2024 12:15

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RNS Number : 6246U  Globalworth Real Estate Inv Ltd  01 July 2024

FOR IMMEDIATE RELEASE

 

1 July 2024

 

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

 

Fitch investment grade credit rating maintained and change in outlook to
stable

 

Change of Name of Nominated Adviser and Broker

 

 

Fitch investment grade credit rating maintained and change in outlook to
stable

Globalworth, the leading office investor in Central and Eastern Europe,
announces that Fitch Ratings ("Fitch"), the international credit rating
agency, has revised the Outlook on the Company's Long-Term Issuer Default
Rating (IDR) to Stable from Negative and affirmed it at 'BBB-' . Fitch has
also affirmed Globalworth's senior unsecured debt rating at 'BBB-'.

As evidenced with its successful bond refinancings and disposals concluded
over the past 12 months, including the sale of the wholly-owned logistics
portfolio, Globalworth has strengthened its capital structure and will now
focus on deleveraging, optimising operational efficiencies and further
enhancing its portfolio quality through selective growth, whilst maintaining
its prudent approach to risk management.

 

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Broker has changed
its name to Panmure Liberum Limited following completion of its own corporate
merger.

 

Enquiries

 Rashid Mukhtar                                   Tel: +40 732 800 000

 Group CFO

 Panmure Liberum (Nominated Adviser and Broker)   Tel: +44 20 7886 2500

 Atholl Tweedie

 

About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern
Europe, quoted on the AIM-segment of the London Stock Exchange. It has become
the pre-eminent office investor in the CEE real estate market through its
market-leading positions both in Poland and Romania. Globalworth acquires,
develops and directly manages high-quality office and industrial real estate
assets in prime locations, generating rental income from high quality tenants
from around the globe. Managed by over 269 professionals across Cyprus,
Guernsey, Poland and Romania the combined value of its portfolio is €3.0
billion, as at 31 December 2023. Approximately 96.8% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 715 national and multinational corporates. In Poland
Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice,
while in Romania it has assets in Bucharest and seven other cities.

For more information, please visit www.globalworth.com
(http://www.globalworth.com) and follow us on Facebook, Instagram and
LinkedIn.

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