Business Immo, the real estate website

Estienne De Klerk

Managing Director (MD)

Norbert Sasse

Chief Executive Officer (CEO) - Director of Growthpoint

Listed

CEE's listed Globalworth raises NOI 31.5% to €68m in first half

CEE listed office investor Globalworth reported first half net operating income up 31.5% at €68.0m, with a portfolio value - in Romania and Poland - up (...)

Logistics

Globalworth rebrands logistics, starts new €36m Romania project

AIM-listed Globalworth, based in Romania, is rebranding its logistics portfolio as part of its strategy to consolidate its position in the segment, and is launching (...)

Office

Globalworth Poland adds Warsaw Tower, Krakow asset for €170m

Bucharest-based Globalworth, listed on London's AIM, said its Polish unit has made two acquisitions in Warsaw and Krakow, for a combined value of €169.9m. The (...)

Listed

Aroundtown takes 12% stake in Bucharest office firm Globalworth

Luxembourg-based Aroundtown, to date focused on commercial property in Germany and the Netherlands, has taken an 11.8% stake in Bucharest office group Globalworth. Stock market ad hoc (...)

Listed

Bucharest's Globalworth eyes €500m equity raise, LSE, simplified structure

Bucharest listed Globalworth is considering a €500m equity raise, and said it continues to consider a listing on London's main stock exchange and simplification (...)

Listed

Bucharest's Globalworth boosts 2018 NOI 161% to €133m, sees compelling market

Bucharest-based Globalworth's net operating income surged by 161% last year to €133.4m and said it is targeting further investments and sees a compelling market (...)

Office

Bucharest's Globalworth expects Polish portfolio to exceed home assets

Bucharest-based Globalworth is likely to expand its Polish office portfolio quite soon over the asset value built over the last six years in its Romanian home (...)

Listed

CEE specialist Globalworth posts 9x surge in 1H interim net to €57m

AIM-listed Romania-based Globalworth, which has been on a strong acquisition and capital raising drive over the last year, reported a 9x surge in first half (...)

Office

AIM's Globalworth pays Europa Capital €101m for refurbished Warsaw tower

Globalworth, an AIM-listed central European property investor backed by South African REIT Growthpoint, has paid London-based Europa Capital €101m for Warsaw's landmark Spektrum Tower. The purchase, by its (...)

Office

AIM's Globalworth says €139m Krakow buy makes it Poland's biggest in office

AIM-listed Romania-based Globalworth has become the largest institutional office investor in Poland after its Warsaw subsidiary paid €139m to acquire Quattro Business Park in Kraków to (...)

Listed

Globalworth Poland raises €450m in equity from parent, S.African Growthpoint

The Polish affiliate of AIM-listed eastern Europe real estate group Globalworth has raised €450m in fresh equity via a private placement with its parent, and senior (...)

Listed

S.Africa's Growthpoint to take direct €150m stake in Globalworth Poland

South African REIT Growthpoint is to take a direct stake in Poland's Griffin Premium, now renamed Globalworth Poland, subscribing between €120m and €150m to a new equity (...)

Listed

AIM's Romania-based Globalworth more than doubles 2017 net after Griffin buy

Globalworth, the Romania-based listed office group, more than doubled net attributable profit to €23.7m in 2017, the year in which it also entered Poland (...)

Office

Warsaw’s Griffin Premium RE eyes Polish office expansion after Globalworth entry

Warsaw-listed Griffin Premium RE is turning itself into a pure Polish office play ready to become a REIT if and when the law allows. US private (...)

Office

Globalworth buys US Oaktree control stake in Poland’s Griffin Premium

Less than a year after South Africa’s largest REIT Growthpoint took a stake in Romania-focused, AIM-listed Globalworth, the latter has already started expansion, buying control of Polish (...)

Office

Growthpoint joins other S.Africans in CEE, eyes expansion

Growthpoint, the largest primary listed REIT in South Africa, has its eye on other eastern Europe markets after taking a stake in Romania’s Globalworth, says (...)

Finance

The CEE opportunity seems clear. So why are west Europeans so cagey?

When you look at the bid/offer spread logic of the South Africans entering eastern Europe, laid out so clearly by the Growthpoint MD on (...)