Growthpoint currently controls 27.66% of Globalworth shares, while Greek businessman Ioannis Papalekas, who established Globalworth, remains with a stake of 25.72%, according to an announcement published on the stock market.
Growthpoint’s money will be used to facilitate the completion of Globalworth’s ongoing projects and to unlock new purchase opportunities, both in Romania and in Southeast Europe.
Globalworth was set up in 2013 by Papalekas to bring under one umbrella the real estate projects held in Romania, among which the office buildings BOB, BOC, Tower Center International and the residential compound Upground Tower. In Romania, Globalworth holds real estate projects valued at over EUR962 million, from Class A office projects to an industrial park and a residential compound, along with projects under construction and plots of land for further developments.