REG - Globalworth Real Est - S&P - 'BB+' Rating affirmed

Globalworth Real Estate InvestmentsAnnouncement

24/11/2023 12:45

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RNS Number : 6368U  Globalworth Real Estate Inv Ltd  24 November 2023

FOR IMMEDIATE RELEASE

 

24 November 2023

 

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

 

S&P - 'BB+' Rating affirmed

Globalworth (AIM: GWI), the leading office investor in Central and Eastern
Europe, hereby acknowledges that Standard & Poor's ("S&P") has
affirmed Globalworth's 'BB+' long-term issuer credit and senior unsecured debt
ratings while revising the outlook from stable to negative.

Globalworth continues to uphold its robust liquidity position, and we are
taking the necessary measures to meet refinancing requirements in a timely
manner.

 

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

 

 Enquiries

 Rashid Mukhtar                                 Tel: +40 732 800 000

 Deputy 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 250 professionals across Cyprus,
Guernsey, Poland and Romania the combined value of its portfolio is €3.1
billion, as at 30 June 2023. Approximately 96.9% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 700 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.

 

IMPORTANT NOTICE: This announcement has been prepared for the purposes of
complying with the applicable laws and regulations of the United Kingdom and
the information disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with the laws
and regulations of any jurisdiction outside of the United Kingdom. This
announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"targets", "believes", "estimates", "plans", "projects", "anticipates",
"expects", "intends", "may", "will" or "should" or, in each case, their
negative or other variations or comparable terminology, or by discussions of
strategy, plans, objectives, goals, future events or intentions. These
forward-looking statements include all matters that are not historical facts
and involve predictions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements reflect the
Company's current view with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and assumptions
relating to the Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies and the industry in which it
operates. Forward-looking statements speak only as of the date they are made
and cannot be relied upon as a guide to future performance. Save as required
by law or regulation, the Company disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements in
this announcement that may occur due to any change in its expectations or to
reflect events or circumstances after the date of this announcement.

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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