Globalworth Real Estate Investment, one of the largest real estate investment companies in central and eastern Europe, launched a new issue of corporate bonds on the Bucharest Stock Exchange (BVB) on May 18, worth a total of 550 million euros. The bond issue, carried out in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, is the second time in less than a year that Globalworth has looked to the capital markets for new finance.
“Over the years, Globalworth has successfully completed a series of landmark transactions, which allowed us to become one of the most important investors on the Romanian and Polish office markets,” said Dimitris Raptis, deputy CEO and chief investment officer of Globalworth. “The company’s first corporate bond listing on the Bucharest Stock Exchange last year marked a benchmark for us and, at the same time, a record for the local market. Today, we are announcing a new step in our development: a second offer of corporate bonds. This follows our growth plan, through which we are aiming to become the leading office real estate company in the CEE region and strengthens our promise to continue investing on the local market and providing the best possible product to our partners.”
“Records are made to be broken or matched. In this case, Globalworth has matched its own record set last year: issuing more than half a billion euros in corporate bonds. This is the best way to encourage other companies to look more towards the capital market as a source of funding,” said Adrian Tanase, CEO of Bucharest Stock Exchange.
Globalworth, listed on the AIM-segment of the London Stock Exchange, has in recent years become the leading office investor in the Romanian real estate market and recently established a significant platform in Poland after taking a 72 per cent shareholding in Globalworth Poland, the new brand for Griffin Premium RE, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange.