Globalworth Holdings Cyprus Limited develops and manages office buildings and properties in the logistics sector, including in Romania.
Alf Mizzi & Sons Overseas Investment Ltd. is a Cyprus-based company, held by Alf Mizzi & Sons Ltd. Group, which operates in several fields of activity, such as food retail, apparel, real estate project development and lease etc.
The two companies are to jointly control two industrial parks, in SIbiu and Pitesti, respectively.
In accordance with the provisions of Competition Law no. 21/1996, the operation must be subject to checkup by the antitrust watchdog. The antitrust watchdog undertakes to assess the economic concentration operation in terms of its compatibility with the normal competitive environment and to issue a decision under the legal deadlines.
Globalworth operates mainly on the Romanian office space market. The company’s local portfolio is expected to EUR1.4 billion by the end of 2019, depending on the evolution of works on GW Campus and Square.