Notice of Interim Results & Prelim Results

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n \n RNS Number : 1103K\n Globalworth Real Estate Inv Ltd\n 31 August 2021\n  \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n FOR IMMEDIATE RELEASE\n \n 31 August 2021\n \n Globalworth Real Estate Investments Limited \n \n \n (\"Globalworth\" or the \"Company\")\n \n \n Notice of Interim Results & Preliminary Interim Financial Information\n \n \n Globalworth announces that it intends to publish its Interim Report and Financial Statements for the six-month period ended 30 June 2021 during the week commencing 20 September 2021. Ahead of this publication, the Company is today providing a preliminary release of its unaudited Consolidated Statement of Comprehensive Income and unaudited Consolidated Statement of Financial Position to 30 June 2021. \n \n  \n \n \n Key Highlights for the period ended 30 June 2021\n \n \n Total combined portfolio value increased by 1.3% to €3.1 billion, mainly due to new acquisitions and net positive impact from our developments.\nLike-for-like appraised value of standing commercial properties remained effectively unchanged at €2.7 billion (0.1% lower compared to 31 December 2020).\n Completed the development of Globalworth Square in Bucharest adding 29.1k sqm class \"A\" office space to our portfolio.\n Prioritised the development of new high-quality logistic / light-industrial facilities in Romania (99.7k sqm) and the refurbishment / repositioning of two mixed-use properties in Poland aiming at increasing their class \"A\" office space and improving their retail/commercial offering, in response to current market conditions.\n Acquired two high-quality logistics / light-industrial facilities in the western part of Romania with a total area of 27.0k sqm for €17.9 million which are 100% let to two multinational tenants on 15-year lease agreements.\n Overall standing portfolio footprint net increase of 31.7k sqm to 1.3m sqm of GLA in 66 standing properties.\n Leasing transactions of 194.4k sqm (+68.2% increase compared to H1-2020) of commercial space taken-up or extended, representing our best semester to date, at an average WALL of 4.7 years.\n Average standing occupancy of our combined commercial portfolio of 88.7% (89.7% including tenant options), lower by 2.4% compared to 31 December 2020, due to average occupancy of three new standing properties lower than the Gr...

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