Globalworth Real Estate Investments (GB:GWI) has released an update.
Globalworth Real Estate Investments Limited’s interim financials reveal an 8.3% drop in portfolio value to €2.7 billion, attributed to non-core asset disposals and minor negative revaluations. Despite market challenges, the company leased 90.1k sqm of commercial space and maintained strong liquidity with a cash balance of €210.3 million after reducing net debt by €354.9 million. However, the period ended with a loss attributable to equity holders of €65.3 million, primarily due to revaluation losses, subsidiary sales, and joint venture investments.
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