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LONDON - Globalworth Real Estate Investments Limited, a prominent office property investor in Central and Eastern Europe, has announced the extension of its €100 million secured bank loan. The financing, provided by Helaba Bank and pbb Deutsche Pfandbriefbank, was set to mature in May 2025 but will now continue for an additional five years.
The extension is secured against a selection of the company’s assets in Poland. This strategic financial move has increased Globalworth’s pro-forma average debt maturity from 4.9 years to 5.3 years as of December 31, 2024, which is indicative of the company’s enhanced long-term financial stability.
Globalworth operates primarily in Poland and Romania, with a portfolio valued at €2.6 billion as of the end of 2024. The company’s assets are largely in the office sector, with a high percentage of income-producing properties leased to a diverse range of over 650 tenants, including national and multinational corporations.
The extension of the bank financing aligns with Globalworth’s approach to managing high-quality office locations and further solidifies its financial foundation. The information regarding this financial arrangement is based on a press release statement.
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