REG - Globalworth Real Est - Investment grade rating maintained - Correction

Globalworth Real Estate InvestmentsAnnouncement

04/07/2023 07:00

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RNS Number : 8299E  Globalworth Real Estate Inv Ltd  04 July 2023

FOR IMMEDIATE RELEASE

 

4 July 2023

 

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

 

Fitch investment grade credit rating maintained - Correction

 

Further to the announcement made on 3 July 2023 the Company advises that the
there was a typographical error in the credit rating which should have been
'BBB-' not 'BBB'.

All other details remain unchanged. The full text of the corrected
announcement is below.

Globalworth, the leading office investor in Central and Eastern Europe,
announces that, following the annual review, Fitch Ratings ("Fitch"), the
international credit rating agency, affirms the Company's issuer credit
rating at `BBB-` and revises the Outlook to "Negative".

Globalworth remains committed to maintaining a strong balance sheet and a
prudent approach to risk management.

 

For further information visit www.globalworth.com (http://www.globalworth.com)
or contact:

 

 Enquiries

 Stamatis Sapkas                                Tel: +40 732 800 000

 Chief Financial Officer

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

 Dominic Morley

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 260 professionals across Cyprus,
Guernsey, Poland and Romania, a combined value of its portfolio is €3.2
billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 690 national and multinational corporates.
In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk
and Katowice, while in Romania its assets span Bucharest, Timisoara,
Constanta, Pitesti, Arad, Oradea and Targu Mures.

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

A rating is not a recommendation to buy, sell or hold securities and may be
subject to revision or withdrawal at any time.

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