Leader of the office building market
Globalworth is a leading real estate investment company active in the SEE and CEE regions with a prime focus on Romania, where the company is the leader in the office real estate market and Poland. With over 70 professionals managing its portfolio, Globalworth acquires, develops and directly manages primarily high-quality office and logistics/light-industrial real estate assets, aiming to become the partner of choice for the wide variety of high-quality tenants looking to expand in the region.
Globalworth was incorporated in Guernsey in February 2013 as a closed-ended real estate investment company and admitted to AIM in July 2013. Since then, has assembled through acquisitions and developments a very high-quality portfolio worth over Euro 1 billion, including some of the most landmark office buildings in Bucharest, such as Tower Center International, Globalworth Tower, Globalworth Plaza and Globalworth Campus. The team of over 70 professionals and executives, all with significant expertise in all aspects of investment and asset management, is led by Ioannis Papalekas, Founder and CEO, and Dimitris Raptis, Deputy CEO and CIO, each with a track record of over 15 years.
The company is one the most active investors in the country and one of the leading companies on the CEE office real estate market. This year, Globalworth announced its expansion in Poland through the strategic acquisition of a controlling stake in Griffin Premium Real Estate (GPRE), the leader of the Polish office real estate market leader. This marked a transformational transaction for Globalworth and the first investment beyond Romania, as the company is looking to source new opportunities, facilitate further growth, develop its position as the largest dominant project investor in the region in the CEE/SEE markets.
What do our investments focus on?
Globalworth's current portfolio comprises of 15 high-quality properties and an Asset Manager Platform in Romania, six high-quality office buildings and three mixed-use office and retail projects in Poland. Our team is working towards two main objectives: cash flow and the transformation of real estate assets. When it comes to cash flow, our company focuses on commercial assets let or to be let to multinational corporates and financial institutions under long-term triple-net leases, supported in certain cases by parent company guarantees. Additionally, the purpose of transforming distressed, underperforming, or mispriced real estate assets is to continually improve our portfolio of high-quality, marketable properties through active asset management.
Globalworth is also currently exploring additional ideas for investments, including sale and leaseback opportunities and build-to-suit developments with several multinational corporates and financial institutions.