Closing of acquisition of Dacia facility

RNS Number : 1205E

Globalworth Real Estate Inv Ltd

04 May 2017

 

4 May 2017

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 

Globalworth Real Estate Investments Limited

Closing of acquisition of Automobile Dacia S.A. ("Dacia") distribution facility

Globalworth Real Estate Investments Limited (AIM: GWI) ("Globalworth" or "the Company"), the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, is pleased to announce that it has closed the previously announced acquisition of a modern warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis.  

The transaction value is circa Euro 42.5m and this has been financed via a continuing debt facility of Euro 23.5 million from the property's existing lender and the balance from existing cash resources.

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

Globalworth Real Estate Investments Limited                                  Tel: [phone]
Dimitris Raptis

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

Andrew Potts

Cantor Fitzgerald Europe (Joint Broker)                                               Tel: [phone]

Rick Thompson

David Foreman

Milbourne (Public Relations)                                                                   Tel: [phone]

Tim Draper

About Globalworth:

Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania. The Company is internally managed by c. 70 professionals and its portfolio currently comprises 15 high quality real estate investments currently valued at c. Euro 962.4 million, all located in Romania.

 

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