Results for the year ended 31 December 2015

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 1022A Globalworth Real Estate Inv Ltd 03 June 2016  \n\nGlobalworth Real Estate Investments Limited \nAnnual Audited and Consolidated Financial Results for the year ended 31 December 2015\n \n3 June 2016\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to release its Annual Audited and Consolidated Financial Results for the year ended 31 December 2015. \n \nHighlights\n•           Total investment undertaken during the year of c.€244 million, including the completion of the acquisition of four leased Class \"A\" office buildings in Bucharest, increasing our total investment since the Company's inception in February 2013 to c.€814 million\n•             Appraised portfolio value increased to €931.1 million at 31 December 2015 (31 December 2014: €599.3 million)\n•             EPRA NAV per share of €9.08 (31 December 2014: €8.09)\n•             Net Operating Income of €28.4 million (2014: €12.9 million)\n•             Gain on valuation of investment property €49.4 million (2014: €25.0 million)\n•             EBITDA of €66.3 million (2014: €23.6 million)\n \nDimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer of the Company, commented: \"In 2015, Globalworth became the largest owner of Class \"A\" office properties in Romania and continued to be one of the leading investors in the country's commercial real estate market. We are proud of the portfolio we have built to date and we will continue to be an active investor where we see we can create value. Our ability to secure the support of international real estate investors of the calibre of CPPIB is a testament to our track record and prospects, and a considerable endorsement of Globalworth, our local presence and our position in the Romanian market.\"\n \n \n \nOperational update\n•            Acquired four Class \"A\" office build...

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