Growthpoint entered the Eastern European market in December 2016. It currently has a 29.4% stake in Globalworth Real estate Investments Ltd (GWI) who are the pre-eminent office investor in the CEE real estate market. Holding the market-leading position in Romania and Poland, GWI benefits from robust demand for A and P grade buildings from multinational tenants, driven by a younger, skilled population, particularly in the IT sector and cheaper rentals than Western Europe.
GWI at a Glance:
Listing: London Stock Exchange (LSE) – AIM segment share code GWI
Location: Poland, Romania
Asset type: Office, light-industrial
Share: 29,4% holding
1 302 300 ㎡
GLA
66
Number of Properties
R 58.02bn
Value of Properties
Highlights
- Solid tenant base of multi-national corporates including Amazon, Facebook, Microsoft & Google
- Long lease lengths, low vacancies and high demand for more space
- Strong macro-economic fundamentals
- Excellent access to debt capital and equity capital markets
