Name of company
Globalworth
Name of President or Managing Director for the region
Dimitris Raptis
President or Managing Director for the region profile
Dimitris Raptis is the Deputy Chief Executive Officer and Chief Investment Officer of Globalworth Real Estate Investments Limited (GREIL- Globalworth), positions he has held since its IPO in 2013.
Following Globalworth’s entry to the Polish real estate market in 2018, Dimitris was subsequently nominated to Chief Executive Officer at Globalworth Poland – a subsidiary of GREIL. He is primarily responsible for Globalworth’s investment and capital markets activities in Poland and Romania.
Regions active in (in which countries the company operates)
Poland, Romania
Portfolio of all properties currently held by your company
In Poland Globalworth operates 21 office and mixed-use high-street properties - approx. 560 000 sqm. GLA.
Office projects included in the portfolio
Warsaw Trade Tower, Lumen& Skylight, Warta Tower, Spektrum Tower, Tryton Business House, West Link, West Gate, Rondo Business Park, Quattro Business Park, Lubicz, A4 Business Park, Silesia Star among others
The value of office properties held by investor (in EUR)
1,5 billion euro (Poland)
Retail projects included in the portfolio
Supersam, Renoma, Hala Koszyki
The value of retail properties held by investor (in EUR)
-
Warehouse projects included in the portfolio
-
The value of warehouse properties held by investor (in EUR)
-
The largest purchase transactions between October 2018 and September 2019 (subject of the transaction, its total take up area and value in EUR)
Lumen & Skylight, Warsaw – EUR 190 mln
Warsaw Trade Tower & Rondo Business Park Kraków– EUR 170 mln
Silesia Star Katowice i Retro Office House Wrocław – EUR 113 mln
Future plans
Globalworth’s activities continue to benefit from a buoyant economic environment and healthy real estate fundamentals in both Poland and Romania. With ongoing expansionary demand from multinational companies attracted to the region, the company considers itself well positioned because of its strategy of offering high quality, well located space, with a long-term tenant orientated approach and a strong focus on localised management.
Acquisition activity across the CEE real estate markets between October 2018 and September 2019
Overall, Globalworth’s combined real estate portfolio was valued at €2.74 billion as of 30 June 2019, rising to €2.85 billion pro forma for acquisitions as of July 2019. This represents an increase of 11.5% and 16.1% respectively since December 2018. The portfolio’s pro forma geographical allocation is 53.5% for Poland and for 46.5% Romania, reflecting the rapid pace of acquisitions in Poland since Globalworth entered the market at the end of 2017.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
We are proud of our achievements in the first half of 2019, notably the further expansion of our portfolio, our robust operating metrics, and the strong increase in our financial results. We contracted out over 100,000 sqm of space, marking this as our most active half year of leasing activity to date. Our rental income increased by 35% over H1 2018 and our EPRA net asset value from 31 December 2018 rose by 46% to stand at over €1.75 billion. We were delighted with the success of our €501 million equity issuance in April, as well as €283 million of acquisitions in Poland and further additions to our development pipeline in Romania. The team continues to deliver on our ambitious objectives, while seeking to consolidate Globalworth’s position as the leading office landlord in the CEE
