Acquisition of Land Plots in Bucharest

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[{"type":"text","content":"\n \nRNS Number : 0997K Globalworth Real Estate Inv Ltd 20 June 2014  \n \n\nGlobalworth Real Estate Investments Limited\nAcquisition of Land Plots in Bucharest\nGuernsey, 20 June 2014: Globalworth Real Estate Investments Ltd. (AIM: GWI) (\"Globalworth\" or \"the Company\"), the real estate investment company targeting opportunities in Romania and the broader SEE and CEE regions, is pleased to announce the acquisition of various land plots destined for commercial (office and retail) development.\nThe land plots, which comprise circa 30,000 square meters in total, are located next to the Company's BOB/BOC/Upground complex.  The total purchase price paid is circa Euro 14.3 million.\nThe land plots occupy an excellent location on top of the Pipera metro station at the corner of Dimitrie Pompeiu Boulevard and George Constantinescu Street.  The Dimitrie Pompeiu corridor has in recent years become the largest business hub in Romania mainly hosting back office operations of multinationals and financial institutions.\nFor further information visit www.globalworth.com or contact:  \nPanmure Gordon (Nominated Adviser)                             Tel: +44 20 7886 2500\nNicola Marrin\nFreddy Crossley\n \nCantor Fitzgerald Europe (Joint Broker)                            Tel: +44 20 7894 7000\nRick Thompson\nDavid Foreman\n \nMilbourne (Public Relations)                                               Tel: +44 20 3540 6458\nTim Draper\n \nAbout Globalworth:\nGlobalworth Real Estate Investments Ltd is a real estate investment company founded by real estate investor and developer Ioannis Papalekas to take advantage of investment opportunities in Romania and the broader SEE and CEE regions and currently focussing its activities in Romania. The company is Guernsey incorporated and registered as a closed-ended collecti...

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