Closing of EUR 30 million debt financing facility

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 7563V Globalworth Real Estate Inv Ltd 31 October 2014  \n \n\n31 October 2014\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or \"the Company\") (AIM: GWI)\nClosing of EUR 30 million debt financing facility for Tower Center International\nGlobalworth, the real estate investment company targeting opportunities principally in Romania, is pleased to provide an update on Tower Center International (\"TCI\"), its landmark office tower located in the heart of Bucharest's central business district.\nFurther to the disclosure in the 2014 interim results, the Company today announces that Banca Comerciala Romana (BCR), a member of Erste Group, has provided a EUR 30 million debt financing facility to TCI, which is currently debt free.  The proceeds from the financing will be used for general corporate purposes of the Company, including towards funding its current development projects and new asset acquisitions.\nFor further information visit www.globalworth.com  or contact:  \nPanmure Gordon (Nominated Adviser and Joint Broker)              Tel: +44 20 7886 2500\nAndrew Potts\nDuncan Monteith\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 Limited 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. The Company is Guernsey incorporated and has bee...

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