Global real estate manager DWS has agreed to acquire the 7R Park Poznan East II warehouse park in Poznan, Poland, for an undisclosed amount from developer 7R.
CEE listed office property investor Globalworth has secured two new debt facilities totalling €160 mln from lender Erste Group.
The first facility is a €50 mln unsecured Revolving Credit Facility (RCF) with a three-year term, which has been structured to generally align with the company’s existing Euro Medium Term Note (EMTN) programme and its existing syndicated €215 mln Revolving Credit Facility.
The second facility is a €110 mln asset-secured financing of the company’s logistics / light-industrial portfolio in Romania, with a ten-year term.
These facilities are part of Globalworth’s ongoing strategic management of liquidity, the company said in a statement.
‘Liquidity remains a key focus for us, so we are delighted to have obtained further flexible, committed capital on favourable terms, notwithstanding the prevailing macroeconomic environment. Also, in response to market conditions, the Group may consider certain capital market transactions, including repurchasing issued bonds or shares in the upcoming reporting periods,’ explained Mihai Zaharia, head of Investments Romania and Group Capital Markets Director, Globalworth.
