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
Group CFO
|
Tel: +40 732 800 000
|
|
Panmure Liberum (Nominated Adviser and
Broker)
Atholl Tweedie
|
Tel: +44 20 7886 2500
|
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
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