Condensed Unaudited Results to 31 Dec 2019

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n RNS Number : 2938F\n Globalworth Real Estate Inv Ltd\n 06 March 2020\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  \n \n \n 6 March 2020\n \n \n  \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 2019\n \n \n  \n \n \n Globalworth, the leading office investor in Central and Eastern Europe, is pleased to publish its Unaudited Consolidated Statement of Comprehensive Income and Unaudited Consolidated Statement of Financial Position for the year ended 31 December 2019. \n \n \n The Company intends to announce its audited Financial Results for the year ended 31 December 2019 and the Posting of its 2019 Annual Report at the end of March 2020.\n \n \n  \n \n \n Key Highlights for the year ended 31 December 2019\n \n \n - Combined portfolio value rose by 23.7% to over €3.0bn\n \n \n - Completed or announced 11 new real estate investments for a total of €613.8m\n \n \n - Took full ownership of and delisted our subsidiary Globalworth Poland from the Warsaw Stock       Exchange \n \n \n - Delivered a 17.8k sqm industrial facility and, with seven office and industrial properties under  construction in Romania and Poland, expect to add 176.2k sqm of GLA in 2020 / 2021\n \n \n - Standing portfolio footprint increased by over 170k sqm to 1.2m sqm of GLA. Commercial occupancy of 95.0% including tenant options, with 0.4% increase in like-for-like occupancy \n \n \n - Record year in leasing, with 179.5k sqm of commercial space taken-up or extended at an average WALL of 5.5 years\n \n \n - Standing contracted rent increased by 15.6% to €184.4m, increasing to €191.0m when including pre-lets on properties under construction\n \n \n - Revenue and Net Operating Income increased by 15.3% to €222.2m and 10.7% to €147.7m respectively\n \n \n - Increased the number of green-certified properties by 13 to 43, now 81.3% of our standing commercial portfolio by value with the remainder under certification\n \n \n - Eurobonds recognised as...

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