Interim Results for the six months to 30 June 2019

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8810M Globalworth Real Estate Inv Ltd 19 September 2019  \n\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.\n19 September 2019\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nInterim Results for the six months ended 30 June 2019\nGlobalworth, the leading office investor in Central and Eastern Europe, is pleased to release its Interim Report and Unaudited Consolidated Financial Results for the six-month period ended 30 June 2019. \nDimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of Globalworth, commented: \"We are proud of our achievements in the first half of 2019, notably the further expansion of our portfolio, our robust operating metrics, and the strong increase in our financial results. We contracted over 100k sqm of space, marking this as our most active half year of leasing activity to date, while our rental income increased by 35% over H1-18 and our EPRA net asset value rose by 46% from 31 December 2018 to over €1.75 billion. We were delighted with the success of our €501 million equity issuance in April, which came alongside €283 million of acquisitions in Poland and further additions to our development pipeline in Romania. The team continues to deliver on our ambitious objectives, while seeking to consolidate Globalworth's position as the leading office landlord in the CEE.\"\nOperational Highlights\n·    The Group announced the acquisition of four office investments in Poland for a total consideration of €283.1 million, two of which completed in July 2019. These included the iconic Warsaw Trade Tower, on which the Group subsequently agreed and closed a major lease renewal for an additional 10 years with AXA, the anchor tenant.  \n·    Further progress was made with the Group's development pipeline in Romania, with Globalworth Campus Tower 3 on course for completion by the end of the year and Globalworth Square due for completion in mid-2020. Since 31 December 2018, major leases have been signed at Campus Tower 3 with Allianz and Unicredit for 18.9k sqm in total, resulting in...

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