By Andra Beltz
Globalworth Real Estate Investment Limited, one of the leading real estate investment companies in Central and Eastern Europe, in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, announces the second admission to trading on the Bucharest Stock Exchange (BVB) of the corporate bonds issued by the company (symbol GWI25), with a total value of EUR 550 million.
"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. The company’s first corporate bond listing on the Bucharest Stock Exchange from 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: the second admission to trading corporate bonds issued by our company. 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", stated Dimitris Raptis, Deputy CEO and Chief Investment Officer of Globalworth.
The total value of the corporate bonds issued by the company is similar to the one in 2017 (symbol GWI22), respectively EUR 550 million, funds to be invested in new projects.
"Records are made to be broken or matched. In this case, Globalworth matched its own record, the one the company set last year on the Bucharest Stock Exchange: more than half a billion euros in corporate bonds. It is the best example for encouraging other companies to look more towards the capital market as a source of funding", said Adrian Tanase, CEO of Bucharest Stock Exchange.
"We are happy to assist our partners from Globalworth, for the second time, in a new large issuing of bonds on the Bucharest Stock Exchange. Therefore, BT Capital Partners continues its engagement as contributor to a continuous development in financial intermediation and the growth of the Bucharest Stock Exchange", added Paul Prodan, President BT Capital Partners.
The corporate bonds of Globalworth are traded in euros on BVB, and the settlement is done directly in the European currency. For the first time in Romania, as of last year, Bucharest Stock Exchange implemented the settlement directly in euros, thus enhancing the degree of maturity and development of the local capital market. Following the Central Depository implementation of the trading and settlement rules and practices used in European mature markets, the BVB Group has significantly contributed to increasing the trust and attractiveness of Romania for foreign investors. The corporate bonds issued by Globalworth have also been admitted to trading on the Irish Stock Exchange.
Globalworth is a real estate investment company active in Central and Eastern Europe, listed on the AIM-segment of the London Stock Exchange. It has become the leading office investor in the Romanian real estate market and now has established a significant platform in Poland, through a 72% shareholding in Globalworth Poland, the new brand for Griffin Premium RE.. N.V. (GPRE), 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, through which it benefits from a strong rental income profile from high quality tenants from around the globe. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is €1.9 billion, of which over 90% is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, whilst assets in Poland span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice.
BT Capital Partners is the best retail broker in Romania and a member company of Banca Transilvania Financial Group. BT Capital Partners is the exclusive Oaklins Member Firm in Romania, the most experienced consultant for mergers and acquisitions globally. The company was the consultant and broker for more than 50 public offerings worth over 1 billion euros. BT Capital Partners was the lead manager of DIGI Communications’ IPO, the largest IPO of a private company on the Bucharest Stock Exchange. The company provides assistance with listing on a Stock Exchange and attracting investors, brokerage services, consultancy for mergers and acquisitions as well as for attracting and structuring complex financing, market research and strategic consulting.
Bucharest Stock Exchange develops the most advanced and complex array of programs among the European stock exchanges with the purpose to increase the level of financial education. BVB’s activities are dedicated mostly to existing or potential investors and to entrepreneurs, and their aim is to have a significant contribution to the development of financial literacy in Romania. The technical achievements were also part of BVB strategy and included, among other things, the development of the trading platform Arena XT, which is now used by 13 brokerage companies.