Extension of secured bank financing

Globalworth, the leading office investor in Central and Eastern Europe, announces that it has successfully extended its €100 million secured bank financing with the consortium of Helaba Bank and pbb Deutsche Pfandbriefbank, which was due to mature in May 2025, for an additional five years. The financing continues to be secured on a number of its assets in Poland.

As a result of this refinancing, the group's pro-forma average debt maturity has increased from 4.9 to 5.3 years as of 31 December 2024, further enhancing its long-term financial stability.

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 Poland and Romania. Globalworth acquires, develops and directly manages high-quality office properties in prime locations, generating rental income from reputed tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €2.6 billion, as at 31 December 2024. Approximately 98.5% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Constanta and Craiova.