Business Update, Shareholdings & Voting Rights

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2693A Globalworth Real Estate Inv Ltd 22 December 2017  \n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n22 December 2017\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\")\nBusiness Update, Director Dealings & Total Voting Rights\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to provide an update on a number of initiatives completed prior to year-end:\nAcquisition of Bucharest Office Development Sites\nFollowing the announcement on 27 November 2017, in which Globalworth provided details of its next phase of potential development projects, the Company can now announce the acquisition of two land plots, both located in the Gara Herastrau/Barbu Vacarescu corridor of Bucharest's new CBD, expected to complete in Q1-2018.  The first land plot is located between the Globalworth Plaza and Green Court B assets of the Company, and is the last remaining street facing land plot on Gara Herastrau.  The second land plot is located adjacent to the Company's Green Court complex. The aggregate consideration for both land plots is approximately €16m and combined they are anticipated to allow for the development of approximately 40,000 sqm of commercial (predominantly office) space, subject to relevant approvals.   \nShareholding in GPRE\nGlobalworth, via its subsidiary Globalworth Asset Managers SRL (\"GAM\"), has acquired a further 3.76% shareholding in GPRE from Griffin Netherlands II B.V. and GT Netherlands III B.V., two Dutch entities indirectly controlled by Oaktree Capital Management Group LLC, in an off-market trade funded from existing cash resources at a price of PLN 5.50/share. Following this transaction, GAM's shareholding in GPRE now stands at 71.7%. This investment is in line with the Company's stated investment policy and, when aggregated with the results of the completed Tender Offer announced on 29 November 2017 and the 19 December 2017 announcement, represents a substantial transaction pursuant to the AIM Rules[1].\nIn respect of these recent business developments and the consider...

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