Trading Update and Unaudited Q4 2015 EPRA NAV

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 3789V Globalworth Real Estate Inv Ltd 15 April 2016  \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n15 April 2016\n \nGlobalworth Real Estate Investments Limited \nTrading Update and Unaudited Q4 2015 period-end EPRA Net Asset Value\n \nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to release the following:\n·     Trading Update\n·     Unaudited Q4 2015 period-end EPRA Net Asset Value\nThe EPRA Net Asset Value is presented in accordance with the stated intention of the Company to publish its estimated NAV on a quarterly basis.\n \n2015 Highlights\n·     Completed the acquisition of four Class \"A\" office buildings in Bucharest for a total of c.€173 million\n·     Expanded the TAP light industrial complex in Timisoara by pre-letting and developing two new facilities of c.53,900 sqm to Continental and Elster\n·     Increased the appraised portfolio value to €931.11 million, up c.55% from year-end 2014\n·     Progressed with the construction of development projects which, on completion, are expected to increase the appraised value of the Company's real estate portfolio to c.€1,083.82 million\n·     Standing GLA increased to 355,513sqm in 2015, of which 303,155 sqm of commercial space\no  Standing GLA / Commercial GLA rose to 410,199 sqm and 357,842 sqm respectively in Q1-16 following the delivery of the Globalworth Tower3 development project.\n·     Average occupancy of commercial standing GLA increased to c.85.1% (77.2% at year-end 2014)\n·     c.310,732 sqm of commercial space let or pre-let with a WALL of c.6.9 years\n·     Unaudited EPRA NAV at 31 December 2015 of €9.08 per share, representing a c.12.2% increase over 12 months\n \n1 Based on appraised valuation for standing and operational properties, properties under development and land, performed by Coldwell     Banker as of Dec 31...

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