Inaugural Sustainable Development Report

RNS Number : 3485R

Globalworth Real Estate Inv Ltd

29 October 2019

 

The 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 information is considered to be in the public domain.

29 October 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Publication of Inaugural Sustainable Development Report

Globalworth, the leading office investor in Central and Eastern Europe, is pleased to publish today its first annual Sustainable Development Report which encompasses an overview of its environmental, social and economic performance for the reporting period from 1 January 2018 to 31 December 2018.  This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards - core option, and in accordance with the European Public Real Estate Association's Sustainability Best Practice Reporting Recommendations (EPRA sBPR). 

Stamatis Sapkas, Deputy Chief Investment Officer of Globalworth, commented: "Since Globalworth's inception, we have worked hard to build an environmentally friendly portfolio and an entity of which both we and our stakeholders can be proud.  Contributing to the communities in which we live and work, while responsibly managing the social, environmental and economic impacts of how we and our partners do business are key priorities.  Our first sustainable development report formalises our activities to date and marks our commitment to further our efforts in the future."

The Report is available on the Company's website at www.globalworth.com/sustainability.

For further information visit www.globalworth.com or contact:

Enquiries

Andrew Cox                                                                                                                Tel: [phone]

Head of Investor Relations & Corporate Development

Jefferies (Joint Broker)                                                                                              Tel: [phone]

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker)                                  Tel: [phone]

Alina Vaskina/Justin Gulston

Milbourne (Public Relations)                                                                                  Tel: [phone]

Tim Draper

About Globalworth / Note to Editors:

Globalworth 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 Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 200 professionals across Romania and Poland, the combined value of its portfolio is €2.85 billion, as at 30 June 2019 pro forma for subsequent acquisitions. Over 95% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 685 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Constanta and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

IMPORTANT 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 the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

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