Globalworth Real Estate has released its first set of annual results covering the period from incorporation (on 14 February 2013) to 31 December 2013. The shares were admitted to trading on AIM in July 2013.
At the end of the year GWI’s portfolio was worth €121.3m and this was financed by €20.5m of debt = an LTV of 16.9%. The EPRA NAV was €6.03.
Over the past six months GWI has been completing the acquisitions it set out in its prospectus and it is currently engaged in refinancing some of its deals.