REG - Globalworth Real Est - Extension of secured bank financing

Globalworth Real Estate InvestmentsAnnouncement

23/04/2025 12:30

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RNS Number : 8916F  Globalworth Real Estate Inv Ltd  23 April 2025

FOR IMMEDIATE RELEASE

 

23 April 2025

 

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

 

Extension of secured bank financing

 

Globalworth, the leading office investor in Central and Eastern Europe,
announces that it has successfully extended its €100 million secured bank
financing with the consortium of Helaba Bank and pbb Deutsche Pfandbriefbank,
which was due to mature in May 2025, for an additional five years.  The
financing continues to be secured on a number of its assets in Poland.

As a result of this refinancing, the group's pro-forma average debt maturity
has increased from 4.9 to 5.3 years as of 31 December 2024, further enhancing
its long-term financial stability.

 

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 properties in prime
locations, generating rental income from reputed tenants from around the
globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and
Romania the combined value of its portfolio is €2.6 billion, as at 31
December 2024. Approximately 98.5% of the portfolio is in income-producing
assets, predominately in the office sector, and leased to a diversified array
of over 650 national and multinational corporates. In Poland Globalworth is
present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in
Romania its assets span Bucharest, Constanta and Craiova.

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

 

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