Globalworth Real Estate Investments Limited
LLSE:GWI1.70
EUR
0.00
(0.00%)
ISIN
GG00B979FD04
Return %
Stock
S&P 500
1Y
-17.72
14.20
3Y
-25.00
81.12
5Y
-71.94
68.34
Capital Structure
EUR
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in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
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in mil. unless spec.Semi-annual Revenue
EUR
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
EUR
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in mil. unless spec.Company Description
- CEO
- Piotr Olendski
- Full Time Employees
- 277
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- Fourth Floor St. Peter Port United Kingdom GY1 3UQ
- IPO Date
- Jul 25, 2013
- Website
- globalworth.com
- Similar Companies
- Business
- Globalworth Real Estate Investments Limited is a leading real estate investment company focused on acquiring, developing, and managing primarily Class A office properties, as well as mixed-use, residential, and other commercial assets including logistics and light-industrial spaces, in Central and Eastern Europe with operations concentrated in Poland and Romania. The company owns 56 standing buildings totaling approximately 1.0 million square meters of gross leasable area across eight major submarkets in cities such as Warsaw, Krakow, Wroclaw, Bucharest, and others; its portfolio features landmark properties like Globalworth Campus, Green Court, and Podium Park, leased predominantly to over 700 multinational and national corporate tenants on long-term, triple-net, Euro-denominated, inflation-indexed leases. Globalworth operates through segments including Office, which encompasses acquisition, development, leasing, and management of premium office spaces; Residential, involving apartments; and Mixed-use and Other, covering industrial and corporate facilities; the portfolio, valued at €2.6 billion as of December 31, 2024, includes 51 green-certified properties representing 93.7% of standing commercial gross asset value with certifications such as BREEAM Excellent, Outstanding, LEED Gold, and Platinum. Founded in 2013 following origins dating to 2001 and headquartered in St. Peter Port, Guernsey, with key teams in Warsaw, Bucharest, Cyprus, and the UK, the company manages its assets internally via 274 professionals emphasizing a local landlord approach, sustainability, and technology integration. In recent developments, Globalworth completed a major bond refinancing in 2024, exchanging €850 million in existing 2025 and 2026 Notes for €640 million in new Green Bonds maturing 2029 and 2030 with strong holder participation above 84%, improving its debt maturity to 4.9 years and reducing leverage to 38.1%; the company divested non-core assets including its Romanian logistics portfolio in May and July, Warsaw's Bliski Centrum office in Q1, and joint venture logistics stakes, streamlining the portfolio and enhancing liquidity; additionally, it invested €46 million in renovations and upgrades, leased or extended 162,900 square meters at a 5.4-year weighted average lease length, certified or recertified 36 properties to high ESG standards, and maintained investment-grade ratings with Fitch affirming BBB- stable and S&P at BB stable.