Globalworth

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, where the company has a majority shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. 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 170 professionals across Romania and Poland, the combined value of its portfolio is in excess of €2 billion, as at 30 June 2018. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 510 national and multinational corporates.
Name of company Globalworth
Name of President or Managing Director for the region Ioannis Papalekas (Founder & CEO)
President or Managing Director for the region profile Founder of Globalworth, Ioannis Papalekas has nearly 20 years of real estate investment and development experience, having created one of the most successful real estate development and investment groups in the CEE region. He has significant experience in the acquisition, master planning, development, reconstruction, refurbishment, operation and asset management of land and buildings across all major asset classes.
Description of company and team 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, where the company has a majority shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. 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 170 professionals across Romania and Poland, the combined value of its portfolio is in excess of €2 billion, as at 30 June 2018. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 510 national and multinational corporates.
Regions active in (in which countries the company operates) Globalworth started its activity in Romania in 2013, where it had a continuous growth an became the leading office investor and developer in the country. Its main activity is concentrated in the capital city, Bucharest, with landmark office properties occupied by well-know multinationals such as Amazon, Vodafone, Huawei, Mindspace, Dell, Orange, Ferrero or Nestle. Additionally, its portfolio in the country includes two logistics projects in Timisoara and Pitesti. In 2017, the company expanded in Poland, after the acquisition of the majority shareholding in GPRE platform. And with further acquisition, Globalworth became also the leading office investor and landlord in Poland also, being active in 6 main cities: Warsaw, Wrocław, Łódź, Kraków, Gdańsk and Katowice.
Portfolio of all properties currently held by your company Globalworth’s portfolio in Romania includes 11 office projects:
Globalworth Campus, Globalworth Tower, Globalworth Plaza, Globalworth Green Court, City Office, Gara Herastrau, Bucharest Tower Center, BOB, BOC, Renault Bucharest Connected, UniCredit HQ and one residential complex: UpGround, and two logistics developments, namely Dacia Warehouse and Timisoara Airport Park.

The company’s portfolio in Poland consists of 13 office projects (Green Horizon Office Centre, Batory Building I, Lubicz I & II Business Centre, Nordic Park, Bliski Centrum, Philips House, A4 Business Park, Tryton Business House, Warta Tower, Spektrum Tower, West Link, West Gate, Quattro Business Park) and three mixed-used buildings, such as the legendary Hala Koszyki, Renoma and Supersam.
Office projects included in the portfolio Romania:
Globalworth Campus, Globalworth Tower, Globalworth Plaza, Globalworth Green Court, City Office, Gara Herastrau, Bucharest Tower Center, BOB, BOC, Renault Bucharest Connected, UniCredit HQ

Poland:
Green Horizon Office Centre, Batory Building I, Lubicz I & II Business Centre, Nordic Park, Bliski Centrum, Philips House, A4 Business Park, Tryton Business House, Warta Tower, Spektrum Tower, West Link, West Gate, Quattro Business Park
The value of office properties held by investor (in EUR) EUR 1.676 billion
Retail projects included in the portfolio Poland:
Hala Koszyki, Renoma, Supersam
The value of retail properties held by investor (in EUR) EUR 317.2 mln
Warehouse projects included in the portfolio Romania:
Dacia Warehouse, Timisoara Airport Park
The value of warehouse properties held by investor (in EUR) EUR 102.7 mln
The largest purchase transactions between October 2017 and September 2018 (subject of the transaction, its total take up area and value in EUR) Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate in Wrocław (16,600 sqm), Tryton Business House in Gdańsk (24,200 sqm) and A4 Business Park (30,600 sqm) for 160 mln euro from EPP
Jun 18: Acquisition of Quattro Business Park (60,200 sqm) for 139 mln euro from Starwood Capital Group
Jul 18: Acquisition of Spektrum Tower (29,500 sqm) for approx. 101 mln euro from Europa Capital
Future plans Globalworth’s strategy is to further consolidate its position as the leading office investor in the CEE and to be the landlord of choice for the wide variety of high-quality tenants in the region. The company continues to see exciting opportunities ahead, with a very active acquisition and development pipeline in its target markets, Poland and Romania. Only in Poland the company is currently negotiating the purchase of a new building of more than 50,000 sqm in Warsaw (the transaction should be closed this year, or in Q1 2019). Additional, in the next few months another 100,000 sqm should be added to Polish portfolio. In Romania, the company is working on finalizing Tower 3 from Globalworth Campus (35,000 sqm) and Renault Bucharest Connected, the headquarters of Groupe Renault Romania (47,000 sqm), which are due in 2019. And at the beginning of the year, Globalworth will start the construction of two new office projects in Bucharest of 43,000 sqm: Globalworth Square and Green Court D.
Acquisition activity across the CEE real estate markets between October 2017 and September 2018 Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate in Wrocław (16,600 sqm), Tryton Business House in Gdańsk (24,200 sqm) and A4 Business Park (30,600 sqm) for 160 mln euro
Mar 18: Acquisition of Warta Tower (28,100 sqm) for 55 mln euro
May 18: Acquisition of West Link (14,200 sq m) for 35,8 mln euro
Jun 18: Acquisition of Quattro Business Park (60,200 sqm) for 139 mln euro
Jul 18: Acquisition of Spektrum Tower (29,500 sqm) for approx. 101 mln euro
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company) Globalworth has been the leading office investor on the Romanian real estate market and in less than a year it managed to become the largest office investor and landlord in Poland. But the main differentiator is its business profile. The main goal of Globalworth is to be a long-term investor with the perspective of about 10–15 years, which is rather unique on a market dominated by a relatively short investment horizon, similar to the average duration of a typical lease agreement. Globalworth’s model is a combination of the best features of the investment and development business. The company buys, manages, builds relationships with tenants and adds value to its assets. When selecting the assets for the portfolio, Globalworth pays attention to the location, the condition of the property and its tenants – existing and potential ones. Globalworth aims to create business hubs that will be able to expand so the company can give tenants the opportunity to grow in its locations.
Company website www.globalworth.com
Name of company
Globalworth
Name of President or Managing Director for the region
Ioannis Papalekas (Founder & CEO)
President or Managing Director for the region profile
Founder of Globalworth, Ioannis Papalekas has nearly 20 years of real estate investment and development experience, having created one of the most successful real estate development and investment groups in the CEE region. He has significant experience in the acquisition, master planning, development, reconstruction, refurbishment, operation and asset management of land and buildings across all major asset classes.
Description of company and team
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, where the company has a majority shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. 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 170 professionals across Romania and Poland, the combined value of its portfolio is in excess of €2 billion, as at 30 June 2018. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 510 national and multinational corporates.
Regions active in (in which countries the company operates)
Globalworth started its activity in Romania in 2013, where it had a continuous growth an became the leading office investor and developer in the country. Its main activity is concentrated in the capital city, Bucharest, with landmark office properties occupied by well-know multinationals such as Amazon, Vodafone, Huawei, Mindspace, Dell, Orange, Ferrero or Nestle. Additionally, its portfolio in the country includes two logistics projects in Timisoara and Pitesti. In 2017, the company expanded in Poland, after the acquisition of the majority shareholding in GPRE platform. And with further acquisition, Globalworth became also the leading office investor and landlord in Poland also, being active in 6 main cities: Warsaw, Wrocław, Łódź, Kraków, Gdańsk and Katowice.
Portfolio of all properties currently held by your company
Globalworth’s portfolio in Romania includes 11 office projects:
Globalworth Campus, Globalworth Tower, Globalworth Plaza, Globalworth Green Court, City Office, Gara Herastrau, Bucharest Tower Center, BOB, BOC, Renault Bucharest Connected, UniCredit HQ and one residential complex: UpGround, and two logistics developments, namely Dacia Warehouse and Timisoara Airport Park.

The company’s portfolio in Poland consists of 13 office projects (Green Horizon Office Centre, Batory Building I, Lubicz I & II Business Centre, Nordic Park, Bliski Centrum, Philips House, A4 Business Park, Tryton Business House, Warta Tower, Spektrum Tower, West Link, West Gate, Quattro Business Park) and three mixed-used buildings, such as the legendary Hala Koszyki, Renoma and Supersam.
Office projects included in the portfolio
Romania:
Globalworth Campus, Globalworth Tower, Globalworth Plaza, Globalworth Green Court, City Office, Gara Herastrau, Bucharest Tower Center, BOB, BOC, Renault Bucharest Connected, UniCredit HQ

Poland:
Green Horizon Office Centre, Batory Building I, Lubicz I & II Business Centre, Nordic Park, Bliski Centrum, Philips House, A4 Business Park, Tryton Business House, Warta Tower, Spektrum Tower, West Link, West Gate, Quattro Business Park
The value of office properties held by investor (in EUR)
EUR 1.676 billion
Retail projects included in the portfolio
Poland:
Hala Koszyki, Renoma, Supersam
The value of retail properties held by investor (in EUR)
EUR 317.2 mln
Warehouse projects included in the portfolio
Romania:
Dacia Warehouse, Timisoara Airport Park
The value of warehouse properties held by investor (in EUR)
EUR 102.7 mln
The largest purchase transactions between October 2017 and September 2018 (subject of the transaction, its total take up area and value in EUR)
Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate in Wrocław (16,600 sqm), Tryton Business House in Gdańsk (24,200 sqm) and A4 Business Park (30,600 sqm) for 160 mln euro from EPP
Jun 18: Acquisition of Quattro Business Park (60,200 sqm) for 139 mln euro from Starwood Capital Group
Jul 18: Acquisition of Spektrum Tower (29,500 sqm) for approx. 101 mln euro from Europa Capital
Future plans
Globalworth’s strategy is to further consolidate its position as the leading office investor in the CEE and to be the landlord of choice for the wide variety of high-quality tenants in the region. The company continues to see exciting opportunities ahead, with a very active acquisition and development pipeline in its target markets, Poland and Romania. Only in Poland the company is currently negotiating the purchase of a new building of more than 50,000 sqm in Warsaw (the transaction should be closed this year, or in Q1 2019). Additional, in the next few months another 100,000 sqm should be added to Polish portfolio. In Romania, the company is working on finalizing Tower 3 from Globalworth Campus (35,000 sqm) and Renault Bucharest Connected, the headquarters of Groupe Renault Romania (47,000 sqm), which are due in 2019. And at the beginning of the year, Globalworth will start the construction of two new office projects in Bucharest of 43,000 sqm: Globalworth Square and Green Court D.
Acquisition activity across the CEE real estate markets between October 2017 and September 2018
Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate in Wrocław (16,600 sqm), Tryton Business House in Gdańsk (24,200 sqm) and A4 Business Park (30,600 sqm) for 160 mln euro
Mar 18: Acquisition of Warta Tower (28,100 sqm) for 55 mln euro
May 18: Acquisition of West Link (14,200 sq m) for 35,8 mln euro
Jun 18: Acquisition of Quattro Business Park (60,200 sqm) for 139 mln euro
Jul 18: Acquisition of Spektrum Tower (29,500 sqm) for approx. 101 mln euro
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
Globalworth has been the leading office investor on the Romanian real estate market and in less than a year it managed to become the largest office investor and landlord in Poland. But the main differentiator is its business profile. The main goal of Globalworth is to be a long-term investor with the perspective of about 10–15 years, which is rather unique on a market dominated by a relatively short investment horizon, similar to the average duration of a typical lease agreement. Globalworth’s model is a combination of the best features of the investment and development business. The company buys, manages, builds relationships with tenants and adds value to its assets. When selecting the assets for the portfolio, Globalworth pays attention to the location, the condition of the property and its tenants – existing and potential ones. Globalworth aims to create business hubs that will be able to expand so the company can give tenants the opportunity to grow in its locations.
Company website
www.globalworth.com

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