- Eastern Europe focused Globalworth Real Estate Investments said that property group Aroundtown had acquired an 11.8% stake in the company.

Aroundtown currently had a focused on assets in Germany and the Netherlands, with a commercial real estate portfolio worth more than €13bn.

'We are very excited to have attracted the interest of such a large and reputable strategic investor,' chairman Geoff Miller said.

'This investment constitutes a significant vote of confidence in the achievements of the company so far and its future prospects.'

'We look forward to working closely with Aroundtown in the years to come as we grow the company in consolidating its position as the leading office investor and the landlord of choice in the central and eastern Europe region.'

At 1:49pm: [LON:GWI] Globalworth Real Estate Investments share price was -0.03p at 8.7p

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