Acquisition of Unicredit Headquarters Building

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 3673A Globalworth Real Estate Inv Ltd 22 December 2014  \n \n\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or \"the Company\") (AIM: GWI)\nAcquisition of Unicredit Headquarters Building (\"Unicredit Building\")\n \nGuernsey, 22 December, 2014: Globalworth Real Estate Investments Ltd. (AIM: GWI) (\"Globalworth\" or \"the Company\"), the real estate investment company targeting opportunities in Romania, is pleased to announce the acquisition of Unicredit Building, for approximately Euro 43 million. Closing of the acquisition is scheduled for Q1 2015. \nUnicredit Building is a landmark, class-A office property completed in 2012 and entirely leased to Unicredit Tiriac Bank, part of Unicredit Group, on a long term basis.   It is located in in the north part of Bucharest close to Free Press Square and comprises circa 15,500 square meters of gross leasable area over 15 floors above ground.  It has received a BREEAM \"VERY GOOD\" certification and has been ranked in the top 30 most architecturally impressive bank headquarter buildings worldwide.\nDimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth Real Estate Investments commented:\n\"The acquisition of Unicredit Building, one of the most prestigious and iconic office assets in Bucharest, is a further demonstration of Globalworth's track record of acquiring landmark properties let to blue-chip tenants on long term leases.  This transaction consolidates Globalworth's position as the leading investor in the Bucharest office market.\"\nNestor Nestor Diculescu Kingston Petersen (NNDKP) acted as Globalworth's legal advisor on this transaction.\nThis transaction, together with the recently announced acquisitions of Green Court Building A and Nusco Tower and Nusco Land, constitute further examples of the Company's ability to secure high quality properties in the Bucharest office market.  The Company continues to benefit from a strong pipeline of attractive near term investment opportunities.  In conjunction with discussions with potential providers of debt financing, and as part of considering its funding alternatives, the Company may seek to raise further equity capital to partially fund one or more of the above acquisitions on closing, and also for other pipeline acqu...

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