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
Sector/company profile Commercial real estate sector
Name of President or Managing Director Ioannis Papalekas (Founder & CEO)
President's or Managing Director's 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.
Short description od the company 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.
Countries in which the company operates Romania and Poland
DESCRIPTION OF THE ENTRY INTO THE POLISH MARKET In 2017, Globalworth expanded into Poland, the CEE region’s largest market, through the acquisition of a majority shareholding in Griffin Premium RE.. NV. (GPRE), which has since been renamed Globalworth Poland. In less than a year, with further acquisition of competitive assets, the company managed to build the biggest office portfolio in Poland and to become the largest institutional office investor and landlord in the country.
Listed on the Warsaw Stock Exchange, GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and a number of other major Polish cities, notably Wrocław, Łódź, Kraków, Gdańsk and Katowice. The portfolio, with a value of approximately €1 bln, includes landmark properties such as Hala Koszyki, Spektrum Tower and Warta Tower in Warsaw, West Gate, West Link and Renoma in Wrocław, Tryton Business House in Gdańsk, A4 Business Park and Supersam in Katowice and Green Horizon Office Center in Łódź.
THE ORIGINS OF THE COMPANY AND HOW IT STARTED OUT With already extensive experience in Romania, where the company established itself as the largest player on the real estate sector with landmark assets in its portfolio, Globalworth was looking to expand on another competitive market within the region. And Poland was the obvious choice due to its scale, liquidity and the investment attractiveness thanks to renowned, international tenants and excellent professionals. When making the strategic decision to enter Poland, Globalworth considered the necessity of having a local presence, local structures and people who knew the market from the inside out. Therefore, taking over a platform that held real estate and an experienced team was a more strategic decision then acquiring individual buildings and building a competitive portfolio. Thus, in 2017, Globalworth decided to buy a majority shareholding in Griffin Premium RE.. NV. (GPRE), named since Globalworth Poland.
HOW MUCH THE COMPANY HAS INVESTED IN ENTERING THE POLISH MARKET over EUR 830 mln
WHAT DIFFERENTIATES THE COMPANY’S PRODUCTS/SERVICES FROM THEIR COMPETITORS? Globalworth has a rather different business strategy - being a long-term investor, 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, its tenants – existing and potential ones, and aims to create business hubs that can be further expanded giving its partners the opportunity to grow their business in the same locations.
NOTABLE ACHIEVEMENTS TO DATE Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate, Tryton Business House and A4 Business Park for 160 mln euro
Mar 18: Acquisition of Warta Tower for 55 mln euro
May 18: Acquisition of West Link for 35,8 mln euro
Jun 18: Becoming the largest, institutional office investor in PL after the acquisition of Quattro Business Park for 139 mln euro
Jul 18: Acquisition of Spektrum Tower for approx. 101 mln euro
PLANS FOR THE FUTURE / EXPANSION PLANS and information on how they have been pursued so far Globalworth’s strategy for the next period is to further strengthen its leading position in Poland and in the CEE region. Therefore, the company is planning new acquisition, being in advanced negotiating to purchase new landmark projects by the end of this year and the beginning of 2019. Globalworth Poland expects another 100,000 sqm to be added to its portfolio in the next few months and another half a million by the end of 2019 is an ambitious but absolutely realistic goal. The company is also strongly focusing on establishing strong and long-term relations with its tenants which is proved by taking over the property and asset management services in properties such as Spektrum Tower, West Link, Hala Koszyki, Renoma and Supersam.
Company website www.globalworth.com
Name of company
Globalworth
Sector/company profile
Commercial real estate sector
Name of President or Managing Director
Ioannis Papalekas (Founder & CEO)
President's or Managing Director's 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.
Short description od the company
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.
Countries in which the company operates
Romania and Poland
DESCRIPTION OF THE ENTRY INTO THE POLISH MARKET
In 2017, Globalworth expanded into Poland, the CEE region’s largest market, through the acquisition of a majority shareholding in Griffin Premium RE.. NV. (GPRE), which has since been renamed Globalworth Poland. In less than a year, with further acquisition of competitive assets, the company managed to build the biggest office portfolio in Poland and to become the largest institutional office investor and landlord in the country.
Listed on the Warsaw Stock Exchange, GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and a number of other major Polish cities, notably Wrocław, Łódź, Kraków, Gdańsk and Katowice. The portfolio, with a value of approximately €1 bln, includes landmark properties such as Hala Koszyki, Spektrum Tower and Warta Tower in Warsaw, West Gate, West Link and Renoma in Wrocław, Tryton Business House in Gdańsk, A4 Business Park and Supersam in Katowice and Green Horizon Office Center in Łódź.
THE ORIGINS OF THE COMPANY AND HOW IT STARTED OUT
With already extensive experience in Romania, where the company established itself as the largest player on the real estate sector with landmark assets in its portfolio, Globalworth was looking to expand on another competitive market within the region. And Poland was the obvious choice due to its scale, liquidity and the investment attractiveness thanks to renowned, international tenants and excellent professionals. When making the strategic decision to enter Poland, Globalworth considered the necessity of having a local presence, local structures and people who knew the market from the inside out. Therefore, taking over a platform that held real estate and an experienced team was a more strategic decision then acquiring individual buildings and building a competitive portfolio. Thus, in 2017, Globalworth decided to buy a majority shareholding in Griffin Premium RE.. NV. (GPRE), named since Globalworth Poland.
HOW MUCH THE COMPANY HAS INVESTED IN ENTERING THE POLISH MARKET
over EUR 830 mln
WHAT DIFFERENTIATES THE COMPANY’S PRODUCTS/SERVICES FROM THEIR COMPETITORS?
Globalworth has a rather different business strategy - being a long-term investor, 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, its tenants – existing and potential ones, and aims to create business hubs that can be further expanded giving its partners the opportunity to grow their business in the same locations.
NOTABLE ACHIEVEMENTS TO DATE
Dec 17: Acquisition of the majority shareholding in Griffin Premium Real Estate (GPRE)
Dec 17: Acquisition of West Gate, Tryton Business House and A4 Business Park for 160 mln euro
Mar 18: Acquisition of Warta Tower for 55 mln euro
May 18: Acquisition of West Link for 35,8 mln euro
Jun 18: Becoming the largest, institutional office investor in PL after the acquisition of Quattro Business Park for 139 mln euro
Jul 18: Acquisition of Spektrum Tower for approx. 101 mln euro
PLANS FOR THE FUTURE / EXPANSION PLANS and information on how they have been pursued so far
Globalworth’s strategy for the next period is to further strengthen its leading position in Poland and in the CEE region. Therefore, the company is planning new acquisition, being in advanced negotiating to purchase new landmark projects by the end of this year and the beginning of 2019. Globalworth Poland expects another 100,000 sqm to be added to its portfolio in the next few months and another half a million by the end of 2019 is an ambitious but absolutely realistic goal. The company is also strongly focusing on establishing strong and long-term relations with its tenants which is proved by taking over the property and asset management services in properties such as Spektrum Tower, West Link, Hala Koszyki, Renoma and Supersam.
Company website
www.globalworth.com

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