GREI Bond

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The investment consists of an up to €50 million participation in a up to 10 year senior unsecured Eurobond issue launched by a commercial real estate Company, Globalworth Real Estate Investments Ltd (GREI or the Company). The issue is expected to be dually listed on the Irish and Bucharest stock exchanges. An amount equal to the IFC’s proceeds will be used for property investments in Romania.GREI is a commercial real estate investment company active in Central Eastern Europe, mostly in Romania and Poland. Its portfolio value was nearly €1.8 billion at FYE17 (approximately, 60% Romania and 40% Poland). The Company’s shares are listed on AIM of the London Stock Exchange. The Company acquires, develops and directly manages Class A office and logistics/warehouse real estate assets in prime locations. In December 2017 GREI acquired Griffin Premium RE.. N.V. (GPRE), a pure-play Polish real estate platform listed on the Warsaw StockExchange, that primarily owns high-quality office and mixed-use assets located in Warsaw and across several other second-tier Polish cities. The Company’s target tenants are blue chips and multinational companies and national companies with strong corporate sustainability commitments. GREI and GPRE are in the process of integration of their operational processes, procedures and policies. As of the end of 2017 the Company owned 39 standing properties: 19 in Romania and 20 in Poland. The portfolio comprises 25 Class “A” offices and three mixed-use investments (with 7 properties in total) in central locations in Bucharest (Romania) and 6 major office markets/cities of Poland.In addition, the Company owns a light industrial park with 5 facilities in Timisoara (Romania), a modern warehouse in Pitesti (Romania), and part of a residential complex in Bucharest (Romania) with apartments for sale and leasing. Most of the Company’s office buildings are green-certified with LEED (Leadership in Energy & Environmental Design) Gold or Platinum and BREEAM (Building Research Establishment Environmental Assessment Method) Very Good or Excellent accreditation. GREI’s portfolio includes 18 green accredited properties and other 8 properties are under the ‘green’ certification or re-certification process.GREI implements a renovation and maintenance program of its existing assets in Romania and Poland, which includes general repairs, upgrade and improvements at standing buildings, aimed to improve their efficiency and performance.GREI is committed to investing in environmentally friendly properties and building a ‘green’ portfolio. The Company’s strategy is to expand its portfolio in Romania and Poland through acquisitions of standing buildings and new developments. GREI owns a small land bank in central locations in Bucharest, and in Timisoara, to develop commercial property.