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Globalworth still growing

Rafał Ostrowski 28 March 2019

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

POLAND/ROMANIA The value of Globalworth’s portfolio in 2018 increased by 36 pct to EUR 2.5 bln, 51 pct of which is in Romania with the remainder in Poland.

The company also acquired 250,000 sqm gla, which increased the size of its portfolio to 1 mln sqm. Globalworth’s net operating income (NOI) was up by over 160 pct to over EUR 133 mln. “Last year was amazing for Globalworth as we continued to follow our growth strategy both through investing in income producing assets and developing new projects and resulted in us registering great financial results. We are very pleased to have been able to add some of the most recognizable office properties in Poland to our portfolio, including three of the tenlargest transactions of the year. We concluded five transactions in 2018, adding over 185,000 sqm of Class ‘A’ space to our portfolio. These transactions have helped us establish Globalworth as the leading institutional office landlord in the CEE region with a portfolio of prime assets, supported by a strong team of experienced professionals,” said Dimitris Raptis, the deputy CEO and CIO of the Globalworth group and the CEO of Globalworth Poland

Over 2018, over EUR 538 mln was invested in new transactions, including five acquisitions in Poland, namely Lumen and Skylight, Warta Tower and Spektrum Tower (totaling EUR 346 mln) in Warsaw, as well as Quattro Business Park (EUR 139 mln) in Krakow, West Link (EUR 35.8 mln) in Wroclaw, and three land plots in Bucharest for new office projects (EUR 17.5 mln). Globalworth signed lease agreements for 121,800 sqm of commercial space in Romania and Poland with 67,900 sqm being new deals or expansions and 54,000 sqm being renewals.In Poland leases for 45,500 sqm of gla were signed of which 25,700 sqmcomprised renewals.


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