- Globalworth Real Estate Investments has agreed to provide a short-term bridging loan of €165 million to Griffin Premium RE to fund the acquisition of three high quality office properties in Wroclaw, Gdansk and Katowice from Echo Polska Properties.

This loan may be increased, at the company's sole discretion, by a further €65 million within the next 2 months, for further potential acquisitions under consideration by GPRE.

The loan is repayable within 6 months but this may be extended by a further 6 months at the request of GPRE (and at the Company's sole discretion).

Globalworth announced on 4 Oct that its subsidiary, Globalworth Asset Managers SRL, had entered into a conditional investment agreement to acquire a minimum of 50.01% and up to 67.90% of the issued share capital of Griffin Premium RE.

The tender offer became unconditional on 29 Nov and the company now holds a 67.90% holding in GPRE.

At 8:16am: [LON:GWI] Globalworth Real Estate Investments share price was +0.08p at 9.05p

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