Globalworth intends to acquire three office properties in Romania totaling 100,000 sqm and two in Poland totaling 60,000 sqm for a total investment of EUR410 million.
It also plans to develop an office project in Bucharest by 2020 on a land plot it bought in 2014 and seeks to proceed with stage two of the TAP light industrial park in Timisoara, which is set to be finished in 2018-2020.
At the end of September, Globalworth’s portfolio had a market value of EU1,088 million, up 4.1% from end-June, mainly due to the acquisition of Green Court Building C in August and further investment in the third quarter of 2017 for the investment properties under development (Globalworth Campus and TAP in Timisoara).