Globalworth to sell part of its logistics portfolio to CTP

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Globalworth to sell part of its logistics portfolio to CTP

The developer Globalworth has announced that it is selling part of its logistics portfolio in Romania to CTP. The value of the transaction could exceed EUR 170 million. Globalworth has announced that it is selling five logistics parks, with ten facilities in Timișoara, Arad, Oradea and Pitesti that it owns 100 percent. The majority holdings in two other small projects in Bucharest are also sold.

Globalworth's holdings in the logistics projects built in partnership with Global Vision and CATTED in Chitila, Constanța and Târgu Mureș are also not sold.

The final value of the transaction is to be determined based on the balance of the secured loan and the balance of working capital at the closing date and is to be paid in cash by the end of May 2024.

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Globalworth to sell part of its logistics portfolio to CTP

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