Completion of Acquisitions in Poland

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 1103G Globalworth Real Estate Inv Ltd 19 July 2019  \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 \n 19 July 2019\nGlobalworth Real Estate Investments Limited \n(\"Globalworth\" or the \"Company\")\nCompletion of Acquisitions in Poland\nGlobalworth, the leading office investor in Central and Eastern Europe, is pleased to confirm the closing of the acquisition of two high quality office buildings in Poland, as announced on 26 April 2019.\nRetro Office House, a newly completed office development offering a gross leasable area of 21.9k sqm, located in central Wroclaw benefitting from excellent connectivity to all parts of the city and a range of public transport options, has been acquired by Globalworth for a total consideration of €58.8 million.  \nSilesia Star, a 29.2k sqm office complex with two interconnecting buildings developed in 2014 and 2016 at the heart of Katowice and located in the immediate vicinity of the city centre, two universities and various transport options, has been acquired by Globalworth for a total consideration of €54.4 million.\nThe total transaction consideration for both buildings has been set at €113.2 million, before customary adjustments, and has been funded from existing cash resources.\n \nFor further information visit www.globalworth.com or contact:  \nEnquiries  \nAndrew Cox                                                                                                                 Tel: +44 20 3026 4027 \nHead of Investor Relations & Corporate Development ...

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