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Globalworth borrows from Globalworth

Eurobuild CEE 30 April 2018
POLAND Globalworth Poland (which was previously known as Griffin Premium Real Estate before being taken over by a Romanian investor) has borrowed EUR 400 mln from. Globalworth Finance Guernsey, which is a company from the same group.

The funds are to be used to refinance existing debt as well as the acquisitions of two buildings which are currently undergoing due diligence. The loan is to be paid in two instalments EUR 233 mln and EUR 167 mln and bears a fixed interest rate of 5 pct per year, while the service fee comes to 1 pct of the value of the loan. Repayment is to be made within seven years.


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