Acquisition of Dacia distribution facility

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 4876X Globalworth Real Estate Inv Ltd 22 February 2017  \n\n22 February 2017\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nGlobalworth Real Estate Investments Limited\nAcquisition of Automobile Dacia S.A. (\"Dacia\") distribution facility\nGlobalworth Real Estate Investments Limited (AIM: GWI) (\"Globalworth\" or \"the Company\"), the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, announces that it has signed the acquisition of a modern warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis.  \nThe facility benefits from a great location c. 100km west of Bucharest near the Bucharest - Pitesti highway, one of Romania's principal warehouse and industrial corridors and is 28km away from Dacia's main plant in Mioveni, Arges County.  Spanning across c. 68,000 square metres, it is one of the largest distribution centres of Renault Group for spare parts and accessories outside of France.\nThe transaction value is circa Euro 42.5m.  Closing of the transaction is subject to customary conditions precedent, including clearance from the Romanian Competition Council and approval from the property's existing lender. \nFor further information visit www.globalworth.com  or contact:  \nGlobalworth Real Estate Investments Limited                                  Tel: +40 37 2 800 000\nDimitris Raptis\n \nPanmure Gordon (Nominated Adviser and Joint Broker)              Tel: +44 20 7886 2500\nAndrew Potts\n \nCantor Fitzgerald Europe (Joint Broker)                                                Tel: +44 20 7894 7000\nRick Thompson\nDavid Foreman\n \nMilbourne (Public Relations)                         &n...

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