GPRE Acquisition of EPP Assets

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2856A Globalworth Real Estate Inv Ltd 27 December 2017  \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 \n27 December 2017\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\")\nGPRE Acquisition of EPP Assets\nFurther to Globalworth's announcements on 4 October 2017 and 19 December 2017, the Company is pleased to confirm the completion of the acquisition by Griffin Premium RE.. N.V. (\"GPRE\") of three high quality office properties in Wroclaw, Gdansk and Katowice from Echo Polska Properties (\"EPP\") for a total consideration of approximately €160 million. These properties are leased to renowned tenants such as Intel, IBM, and Nokia, and in aggregate offer circa 71k sq m GLA, and approximately €11.7 million rental income.\nGlobalworth, via its subsidiary Globalworth Asset Managers SRL (\"GAM\"), has a 71.7% shareholding in GPRE.\nFor further information visit www.globalworth.com or contact: \nEnquiries\nAndrew Cox                                                                                                                     Tel: +44 20 3026 4027 \nHead of Investor Relations & Corporate Development  \nJefferies (Joint Broker)                                                       &nb...

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