The expected placing of €35m at €6.00 per share announced this morning provides investors an attractive entry point into this leading Bucharest office landlord and developer. The market conditions are improving, supporting the group strategy of continued expansion and development activity. The funds will be deployed to add to the portfolio and fund on site developments. Two existing institutional shareholders have indicated they will subscribe for 86% or €30m of the placing. We

22 Sep 2015
Panmure Research - Globalworth Flash 22-09-15

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Panmure Research - Globalworth Flash 22-09-15
Globalworth Real Estate Investments Limited (GWI:LON) | 237 0 0.0% | Mkt Cap: 688.5m
- Published:
22 Sep 2015 -
Author:
Sue Munden -
Pages:
3 -
The expected placing of €35m at €6.00 per share announced this morning provides investors an attractive entry point into this leading Bucharest office landlord and developer. The market conditions are improving, supporting the group strategy of continued expansion and development activity. The funds will be deployed to add to the portfolio and fund on site developments. Two existing institutional shareholders have indicated they will subscribe for 86% or €30m of the placing. We