{"id":7442,"date":"2022-07-05T08:11:03","date_gmt":"2022-07-05T08:11:03","guid":{"rendered":"https:\/\/outsourcing-today.ro\/?p=7442"},"modified":"2022-07-05T10:39:19","modified_gmt":"2022-07-05T10:39:19","slug":"globalworth-85-million-euro-worth-loan-agreement-with-the-ifc","status":"publish","type":"post","link":"https:\/\/outsourcing-today.ro\/?p=7442","title":{"rendered":"Globalworth: 85 million Euro worth loan agreement with the IFC"},"content":{"rendered":"\n<p><a><strong>Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that the Group has entered into a loan agreement for 85 million Euro with the International Finance Corporation (IFC), which is a member of the World Bank Group.&nbsp;&nbsp;<\/strong><\/a><\/p>\n\n\n\n<p>The loan is for a period of 6 years between Globalworth Holdings Cyprus Limited (a subsidiary of the Company) and the IFC as the lender, with the Company acting as parent company guarantor. &nbsp;<strong><\/strong><\/p>\n\n\n\n<p>The Board of Globalworth considers that the loan will further strengthen the company\u2019s liquidity position and provide the group with flexible capital at attractive terms.&nbsp;In accordance with its terms, the loan or an equivalent amount will be allocated to eligible commercial property projects in Romania according to the company\u2019s green loan framework.<\/p>\n\n\n\n<p><span class=\"has-inline-color has-vivid-cyan-blue-color\">&#8220;We are delighted, through this Loan, to be extending our collaboration with the IFC. It is our first green loan since we launched our inaugural green bond back in 2020 and we believe it firmly demonstrates the sustainability of the Globalworth business and the markets in which Globalworth operates\u201d, stated <strong>Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth.<\/strong><\/span><\/p>\n\n\n\n<p>IFC\u2019s long-term funding will help the company\u2014the largest office investor in Romania in terms of market value and gross lettable area\u2014strengthen its liquidity position and achieve its environmental goals\u2014100% of its commercial office portfolio to be green. The company has an investment property portfolio of modern and energy-efficient commercial property assets spread across Romania and Poland. About 90 percent of the company\u2019s portfolio is comprised of environmentally friendly properties. In the face of uncertain market conditions exacerbated by the global pandemic and the recent war in Ukraine, IFC\u2019s investment will further allow Globalworth to sustain operations, deliver investment projects, and launch new green projects in Romania.<\/p>\n\n\n\n<p><span class=\"has-inline-color has-vivid-cyan-blue-color\">&#8220;IFC strategy in Romania is focused on promoting a green, resilient and inclusive development. We are pleased to strengthen our partnership with Globalworth, leading developer of green buildings and signal confidence in Romania`s office sector at the exit of the COVID-19 crisis&#8221;, <strong>added Ary Na\u00efm, IFC\u2019s Regional Manager for Central and Southeast Europe.<\/strong><\/span><\/p>\n\n\n\n<p>IFC has helped Globalworth develop a Green Loan Framework, which is in line with the Loan Market Association\u2019s Green Loan Principles 2021. Under the Green Loan Framework, Globalworth will use Green Loans to finance or refinance eligible projects which will mainly contribute to climate change mitigation.<\/p>\n\n\n\n<p><strong>ABOUT GLOBALWORTH<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p>Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the&nbsp;London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 240 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is&nbsp;\u20ac3.2 billion, as at&nbsp;31 December 2021. Approximately 95.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 660 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad and Oradea.<\/p>\n\n\n\n<p><strong>About IFC<\/strong><\/p>\n\n\n\n<p>IFC\u2014a member of the World Bank Group\u2014is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit&nbsp;<a href=\"https:\/\/www.ifc.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.ifc.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that the Group has entered into a loan agreement for 85 million Euro with the International Finance Corporation (IFC), which is a member of the World [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19,6,3,5],"tags":[242],"_links":{"self":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7442"}],"collection":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7442"}],"version-history":[{"count":2,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7442\/revisions"}],"predecessor-version":[{"id":7450,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7442\/revisions\/7450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/media\/7444"}],"wp:attachment":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}