Update: Income and capital growth on track
Globalworth (GWI) has published full interim results and a trading update into September, followed by a proposed placing of new shares, through which it aims to raise c €35m or more to fund continued portfolio growth. H1 shows income growing strongly, following 2014 asset growth, while NAV benefited from valuation gains on the back of development progress and gains on completed asset purchases at below fair value. The Romanian economy and property market continue to perform well, while a highly experienced management team continues to meet its operational and financial targets.Globalworth Real Estate Investment is a integrated real estate company operating in the Central and Eastern Europe and South-Eastern Europe region with a primary focus on Romania, where it acquires, develops and directly manages primarily office and logistics/light-industrial real estate assets. Co. has three reportable operating segments: the Offices segment, which acquires, develops, leases and manages offices and spaces; the Residential segment, which builds, acquires, develops and leases apartments; and the Other segment, which acquires, develops, leases and manages industrial spaces and corporate holding offices.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.