Growthpoint entered the Eastern European market in December 2016. It currently has a 29.5% 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.
HIGHLIGHTS
→ Solid tenant base of multi-national corporates including
→ Amazon, Facebook, Microsoft & Google
→ Long lease lengths, low vacancies and high demand
→ Strong macro-economic fundamentals
→ Excellent access to debt capital and equity capital markets