EUR85 million loan agreement with the IFC

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n FOR IMMEDIATE RELEASE\n \n \n 1 June 2022\n \n \n \n Globalworth Real Estate Investments Limited\n \n \n \n \n (\"Globalworth\" or the \"Company\")\n \n \n \n \n €85 million loan agreement with the IFC\n \n \n \n  \n \n \n Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that the Company and Globalworth Holdings Cyprus Limited have entered into a six-year term loan agreement for €85 million (the \"Loan\") with the International Finance Corporation (\"IFC\"), which is a member of the World Bank. \n \n \n  \n \n \n The Board of Globalworth considers that the Loan will further strengthen the Company's liquidity position and provide the Company with flexible capital on attractive terms. In accordance with its terms, an equivalent amount of the Loan proceeds will be allocated to eligible commercial property projects in Romania according to the Company's green loan framework.\n \n \n  \n \n \n \n Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth, commented: \n \n \"We are delighted, through this Loan, to be extending\n our collaboration with the IFC. It is our first green loan since we launched our inaugural green bond back in 2020 and we believe it firmly demonstrates the sustainability of the Globalworth business and the markets in which Globalworth operates.\"\n \n \n  \n \n \n For further information visit www.globalworth.com or contact:\n \n \n Enquiries\n \n \n Stamatis Sapkas       Tel: +40 732 800 000\n \n \n Group CFO\n \n \n  \n \n \n Panmure Gordon (Nominated Adviser and Broker)                                                            Tel: +44 20 7886 2500\n \n \n Alina Vaskina\n \n \n  \n \n \n About Globalworth / Note to Editors:\n \n \n Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets...

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