Globalworth Real Estate Inv Ltd Update on Poland (2355K)
December 12 2018 - 3:28AM
UK Regulatory
TIDMGWI
RNS Number : 2355K
Globalworth Real Estate Inv Ltd
12 December 2018
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this information is considered to be in the public
domain.
12 December 2018
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Management Change at Globalworth Poland
Globalworth, the leading office investor in Central and Eastern
Europe, is pleased to announce that Dimitris Raptis, Deputy CEO and
CIO of the Company is to be nominated by the GPRE board[1] for the
role of Interim CEO of Globalworth Poland (GPRE)[2], the Company's
Polish subsidiary. He will carry out this role in addition to his
existing responsibilities at Globalworth.
Mr Raptis, a non-executive director of GPRE since November 2017,
will be nominated to succeed Malgorzata Turek, who has been CEO
since September 2017 and has been responsible for successfully
implementing GPRE's strategy since the Company's acquisition of its
controlling stake in GPRE in December 2017. With EUR680 million of
acquisitions of high-quality office assets over this time, GPRE has
established itself as the largest institutional office investor and
landlord in Poland. Ms Turek, who will cease to be the CEO or an
Executive Director of GPRE, will be leaving GPRE to pursue new
opportunities, and leaves with the Company's thanks and best wishes
for her future endeavours.
In addition, and in-line with its portfolio growth, the
organisational structure at GPRE has been reinforced with the
appointment of Lukasz Duczkowski as Head of Investments. Mr
Duczkowski has nearly 12 years of experience in the Polish real
estate financing and investment market having previously worked
with HSBC, Colliers and, most recently, Griffin Real Estate. Artur
Apostol, who has been GPRE's Head of Investments since the
beginning of this year has been appointed as GPRE's Chief Operating
Officer (COO). Rafal Pomorski continues in his position as GPRE's
Chief Financial Officer (CFO) and executive board member, which he
has held since GPRE's IPO in April 2017.
For further information visit www.globalworth.com or
contact:
Enquiries
Andrew Cox
Tel: +44 20 3026 4027
Head of Investor Relations & Corporate Development
Jefferies (Joint Broker)
Tel: +44 20 7029 8000
Stuart Klein
Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20
7886 2500
Andrew Potts
Milbourne (Public Relations)
Tel: +44 7903 802545
Tim Draper
About Globalworth / Note to Editors:
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 EUR2 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. In Romania, Globalworth is present in
Bucharest, Timisoara and Pitesti, while in Poland its assets span
Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more
information, please visit www.globalworth.com and follow us on
Facebook, Instagram and LinkedIn.
IMPORTANT NOTICE: This announcement has been prepared for the
purposes of complying with the applicable laws and regulations of
the United Kingdom and the information disclosed may not be the
same as that which would have been disclosed if this announcement
had been prepared in accordance with the laws and regulations of
any jurisdiction outside of the United Kingdom. This announcement
may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may
be identified by the use of forward-looking terminology, including
the terms "targets", "believes", "estimates", "plans", "projects",
"anticipates", "expects", "intends", "may", "will" or "should" or,
in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward looking
statements include all matters that are not historical facts and
involve predictions. Forward-looking statements may and often do
differ materially from actual results. Any forward-looking
statements reflect the Company's current view with respect to
future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies and the industry in
which it operates. Forward-looking statements speak only as of the
date they are made and cannot be relied upon as a guide to future
performance. Save as required by law or regulation, the Company
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements in this
announcement that may occur due to any change in its expectations
or to reflect events or circumstances after the date of this
announcement.
[1] In accordance with Dutch law, Mr Raptis' appointment
requires formal nomination by the board followed by the adoption of
a resolution of a general meeting of GPRE shareholders.
[2] Globalworth has a 68.4% shareholding in Globalworth Poland
Real Estate N.V. ("GPRE").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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