Fitch Ratings has affirmed Globalworth's Long-Term Issuer Default Rating (IDR) and senior unsecured debt rating at BBB- with a stable outlook, noting the company's efforts in deleveraging and its robust commercial portfolio across Poland and Romania.
Commercial real estate investments in Romania reached €750 million in 2024, marking a 58% increase compared to the previous year, though slightly below the €800 million annual average recorded over the past decade, according to a Colliers report.
The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta.
The transaction was signed in March 2024 with closing having occurred in May 2024.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania
Hexing invests heavily in 8,000 sqm facility generating over 100 high value jobs in Timisoara, at Globalworth Timisoara Industrial Park I, assisted by CBRE.
Romaero and Marshall have announced a strategic partnership focusing on the maintenance and modernization of the Romanian Air Force's (RoAF) C-130 Hercules aircraft fleet.
Patria Bank announced that its majority shareholder, EEAF Financial Services, holding 84% of the bank's total shares, is exploring strategic options for its investment.
Digi Communications has announced a significant corporate restructuring of its affiliated companies in Belgium.
The Romanian Competition Council is currently reviewing the acquisition of three energy companies by the Romanian company Energy Distribution Services.
Delgaz Grid, the energy distribution company part of German E.ON Group, has launched Delia, an AI-powered virtual assistant.