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Globalworth Real Estate Invest (Ordinary Share) GWI

Property Direct - Europe

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Estimated NAV


Share Price



Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 5.1 -44.7% 9.00 9.00
30 Sep

Top 10 Holdings

BOC 17.73%
Upground Towers 13.48%
Bucharest One 12.18%
TCI 9.53%
City Offices 7.96%
Nusco Tower 7.39%
UniCredit HQ 6.48%
BOB 6.44%
Green Court 'A' 5.89%
TAP 5.32%

Sectors weighting

Property 95.60%
Net Current Assets 4.40%
  • Investment trust info:

  • Sector Property Direct - Europe
  • Launch Date 25 Jul 2013
  • Currency EUR
  • Domicile Guernsey
  • Share Price N/A
  • Share Type Ordinary Share
  • ISIN GG00B979FD04
  • Shares Issued (M) 64
  • Market Capital (£M) 275.81
  • Gross Assets (£M) 673.84
  • Net Assets (£M) 498.93
  • TER (%) 3.64
  • Last AGM 26 Jul 2016
  • Next AGM 26 Jul 2017
  • Last Annual Report Date 08 Jul 2016
  • Next due Report Date 31 Dec 2016
  • Next due Report Type A/R
  • Objective:

  • To generate risk-adjusted returns through a combination of yield and capital appreciation as a result of investing in a diversified portfolio of properties located primarily in Romania but also in the broader SEE and CEE region.
  • Management Group(s):

  • Globalworth Asset Managers Srl
  • Managed by:

  • Adrian Danoiu Start: 25 Jul 2013
  • Costin Barbu Start: 25 Jul 2013
  • Stamatis Sapkas Start: 25 Jul 2013
  • Management Contract & Fees:

    All investment advisory and portfolio management services are provided exclusively by the Investment Adviser, a wholly owned subsidiary of the Company which employ the Founder and Dimitris Raptis. All asset management and administration services are provided to the relevant property owning members of the Group by the Asset Manager (which is currently owned by a Founder Company and which, pursuant to the Asset Manager Acquisition Agreement, is expected to be acquired by the Company within three months after Admission). Under the terms of the Administration Agreement, the Administrator is entitled to various fees, including a minimum annual administration fee of EUR 36,000, a financial reporting fee of £ 8,000-12,000, and a value fee of 0.00885% by which the gross asset value of the Company exceeds EUR 50,000. All other ongoing expenses of the Group are paid by the relevant member of the Group including, without limitation, the incidental costs of acquiring, managing and disposing of investments and the implementation of the Investing Policy; the salary and related costs due to the members of the Senior Management Team employed by the Investment Adviser and (on completion of the acquisition of the Asset Manager pursuant to the Asset Manager Acquisition Agreement) to the executives employed by the Asset Manager; travel, accommodation and printing costs; website maintenance; accounting, audit, legal and valuation fees and annual AIM fees. All out of pocket expenses of the Administrator, the Registrar and the Directors relating to the Company that are reasonably and properly incurred will be borne by the Company.

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