Update and EPRA Net Asset Value at 30 June 2017

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2343P Globalworth Real Estate Inv Ltd 30 August 2017  \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 inside information is now considered to be in the public domain. \n \nCompany Update and EPRA Net Asset Value at 30 June 2017\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to release an update for its operations in 2017 and its unaudited EPRA Net Asset Value as of 30 June 2017.\nThe operational update includes Globalworth's:\n·     leasing update for the period extending between 1 June and 25 August 2017; \n·     financial highlights from the six month period ending 30 June 2017; and\n·    unaudited Consolidated Statement of Comprehensive Income and unaudited Consolidated Statement of Financial Position as of and for the six month period ended 30 June 2017.\nThe Company's Interim Report and Unaudited Interim Condensed Consolidated Financial Statements as of and for the six month period ended 30 June 2017, which will also contain these two statements, will be published in September 2017.\nThe unaudited EPRA Net Asset Value as of 30 June 2017 is presented in accordance with the stated intention of the Company to publish its estimated NAV on a quarterly basis.\nKey highlights:\n·    Successfully signed an additional 12.6k sqm of commercial GLA in our properties between 1 June and 25 August 2017, increasing our total for the year to 30.0k sqm\n·     462.8k sqm of commercial space let or pre-let, including Globalworth's stake in the new 47.0k sqm headquarter of Groupe Renault Romania's to be developed in Bucharest, with a WALL of 6.2 years as of 25 August 2017\n·    Our total average occupancy of commercial standing GLA was 92.6% up from 89.7% at 30 May and 83.1% at 31 December 2016\n·     8.5k sqm of additional commercial GLA under HoT and tenant option, which would further increase occupancy of our standing properties to 94.4%\n·     Net operating income (\"NOI\") of €22.0m (H1-16: €19.9m), up 11% as compared to H1-16 mainly as a result of the n...

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