S&P - 'BB+' Rating affirmed

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n24 November 2023\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\n \nS&P - 'BB+' Rating affirmed\nGlobalworth (AIM: GWI), the leading office investor in Central and Eastern Europe, hereby acknowledges that Standard & Poor's (\"S&P\") has affirmed Globalworth's 'BB+' long-term issuer credit and senior unsecured debt ratings while revising the outlook from stable to negative.  \nGlobalworth continues to uphold its robust liquidity position, and we are taking the necessary measures to meet refinancing requirements in a timely manner.\n \nFor further information visit www.globalworth.com or contact:\n \n\n\n\n\nEnquiries\n \n\n\n\n\n\n\n\nRashid Mukhtar\nDeputy Chief Financial Officer\n \n\n\nTel: +40 732 800 000\n\n\n\n\nPanmure Gordon (Nominated Adviser and Broker)\nDominic Morley\n \n\n\nTel: +44 20 7886 2500\n\n\n\n\nAbout Globalworth / Note to Editors: \nGlobalworth 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 in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €3.1 billion, as at 30 June 2023. Approximately 96.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 700 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.\n \nIMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of ...

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