ARTICLES LABELLED WITH TAG Globalworth

The European Bank for Reconstruction and Development (EBRD) has agreed to sell its entire stake in Globalworth Real Estate Investments Ltd to Zakiono Enterprises Limited, a company ultimately owned by CPI Property Group S.A. and Aroundtown SA. No value for the transaction has been released.

Globalworth has completed the process of updating the BREEAM certification of its Polish office buildings. In the first half of this year, another 17 buildings in the company’s office portfolio in the country obtained BREEAM In-Use certificates at the ‘Excellent’ level.

CPI Property Group and Aroundtown notified Globalworth of a series of transactions in respect of their existing holdings which have resulted in Zakiono, an entity indirectly owned by the consortium holding a total of 51.50% of the shares in the company. Zakiono now itself holds sufficient voting rights to exert statutory control over the company, including in due course the ability to appoint and remove directors from the board.

HEINEKEN Global Shared Services has leased over 8,500 sqm in Podium Park A, an office building in Kraków's Czyżyny district. The tenant was represented in the transaction by the advisory company Colliers. Its experts also support the client in the process of arranging and preparing the office in the new location.

Globalworth is now the manager of all the buildings in its Polish portfolio – after taking over the management of the Green Horizon office building in Łódź. All 22 office and multi-functional properties owned by Globalworth in the country are now managed by the company.

Havi Logistics will open in the coming months a 21,000 sqm distribution center in Chitila Logistics Hub, a project jointly developed by Globalworth and Global Vision near Bucharest. 

The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.

Romania recorded new real estate investments worth €85 million in the first quarter of 2021, down 42% year-on-year, in line with the lower results of other markets in Central and Eastern Europe, according to a report by Colliers. 

Globalworth has announced the acquisition of two industrial projects in western Romania for almost €18 million. The company took over Industrial Park West Arad and Industrial Park West Oradea, with a total area of 27,000 sqm that is fully leased. 

Globalworth, the owner and property manager of Renoma in Wrocław, has chosen Tétris as the general contractor for the renovation of the building. Following this decision, the main stage of work on the metamorphosis of this architectural landmark of the city has now started, in time for the building’s 91st anniversary.