Condensed Unaudited Results for FY 31 Dec 2021

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n \n RNS Number : 6035D\n Globalworth Real Estate Inv Ltd\n 04 March 2022\n  \n \n \n \n The 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 \n 4 March 2022\n \n \n Globalworth Real Estate Investments Limited\n \n \n (\"Globalworth\" or the \"Company\")\n \n \n Condensed Unaudited Financial Results for the year ended 31 December 2021\n \n \n Globalworth, the leading office investor in Central and Eastern Europe, announces the release of its Unaudited Consolidated Statement of Comprehensive Income and Unaudited Consolidated Statement of Financial Position for the year ended 31 December 2021.\n \n \n The Company intends to announce its audited Financial Results for the year ended 31 December 2021 and publish its 2021 Annual Report towards the end of March 2022.\n \n \n The Company will continue to report under International Financial Reporting Standards as adopted by the European Union (\"EU IFRS\"), as it has done since incorporation. As such, the condensed Unaudited Financial Results have been prepared under EU IFRS, as will the audited Financial Results for the year ended 31 December 2021 in due course.\n \n \n Key Highlights for the year ended 31 December 2021\n \n \n · \n Total combined portfolio value up by 3.9% to €3.2 billion.\n \n \n · \n Focused development program in select high-quality projects.\n \n \n o  \n Romania; delivered a class \"A\" office comprising 29.2k sqm of GLA, with 5 logistics facilities under development which are expected to have a total GLA of 98.9k sqm\n \n \n o  \n Poland; two mixed-use properties under refurbishment/repositioning.\n \n \n · \n Acquired two high-quality logistics facilities in Romania, with a total area of 27.0k sqm, for €17.9 million.\n \n \n · \n Overall standing portfolio net increase of 2.4% to 1.3m sqm of GLA in 66 standing buildings.\n \n \n · \n Leasing transactions of 285.5k sqm of commercial space at an average WALL of 4.6 years, registering our second highest yearly volume to date.\n \n \n · \n Average standing occupancy of 88.5% (88.7% including tenant options), lower by 2.3% compared to 31 December 2020.\n \n \n · \n Total annualis...

More updates from Globalworth Real Estate Investments Limited