About us

Business profile

We own prime office and mixed-use high-street properties located in the centre or on the main streets of the largest cities in Poland. These buildings generate stable income thanks to high occupancy rates and long-term contracts with prominent tenants. We plan to regularly share our earnings with shareholders, paying out approximately 90% of funds from operations in the form of dividends, consistent with REIT regimes around the world.

The Company was incorporated in the Netherlands and operates in a REIT-like structure. We are focused on the dynamic office property sector in Poland, which benefits from the expansion in multi-national tenants from around the world and Polish companies alike.

Globalworth Poland is majority owned by Globalworth, a London-listed real estate company active in Central and Eastern Europe. It has become the leading office investor in the Romanian real estate market and since December 2017 has been invested in Poland via its interest in GPRE. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is approximately €2 billion, of which over 90% is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, whilst assets in Poland span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please refer to http://www.globalworth.com/.

pure office and mixed-use
high-street properties
approx.
thousand square
metres of GLA
bilion euro - property
portfolio valuation

Management

Executive Directors

  • As the CEO of Globalworth Poland, Małgorzata Turek is responsible for implementing the company’s strategy across Poland. Furthermore, she is one of the co-creators of the Globalworth team in the country. Małgorzata has accumulated many years of experience in the real estate sector through working for real estate investors and developers as well as for international law firms.

    Prior to joining Globalworth Poland, she worked in Skanska Property Poland, one of the biggest office developers throughout Poland. While at Skanska, she was member of the management board responsible for the company’s transactions and operations nationwide. She was also involved with transactions at Skanska’s CEE level. During her tenure at Skanska, she executed transactions involving over EUR 1 billion worth of assets and commercialized over 300 000 sqm of office space. In 2017, she was appointed as the President of the Management Board at Griffin Premium RE following the acquisition of a majority of shares by Globalworth and subsequent transformation into Globalworth Poland. Małgorzata Turek is a renowned professional in the areas of asset management, development process and real estate transactions.

    Małgorzata graduated from the Law and Administration Department at the Jagiellonian University in Krakow. She is also a member of the Bar Association in Poland.

  • Rafał Pomorski is an experienced finance and accounting professional. In 2015 - 2016, he was responsible for finance at Griffin Real Estate, a leading and dynamically growing investment group operating in Central and Eastern Europe’s commercial real estate market. From 2011, he worked as finance manager at MGPA, a private equity firm investing on the property market, a position he held until 2015, also after MGPA was acquired by BlackRock in 2013. His professional career began in 2007 at PwC’s audit department, where he remained until 2010.

    In 2007, Rafał Pomorski obtained a master’s degree in economics from Maria Curie-Skłodowska University in Lublin. He became a member of the Association of Chartered Certified Accountants in 2016.

Non-executive directors

  • Ioannis Papalekas is the Founder & Chief Executive Officer of Globalworth Real Estate Investmenst Ltd. Ioannis has nearly 20 years of real estate investment and development experience, predominantly in Romania, having created one of the most successful real estate development and investment groups in the Romanian real estate market. He is experienced in the acquisition, master planning, development, reconstruction, refurbishment, operation and asset management of land and buildings across all major asset classes in Romania. Ioannis has been responsible for the development of more than 400k sqm of commercial (office, retail and logistics) space and 1,000 residential units in Romania. 

  • Dimitris Raptis is Deputy Chief Executive Officer and Chief Investment Officer of Globalworth Real Estate Investments (Globalworth) – parent company of Globalworth Poland where he is primarily responsible for the Group’s investment and capital markets activities.

    Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania, where it is the leader of the office real estate market, and Poland, where the company recently expanded.

    Following a very successful 15-year track record years’ in the financial services and real estate investment management industries, most of which with Deutsche Bank’s real estate investment management division (formerly known as RREEF for which he was Managing Director and European Head of the real estate private equity arm), Dimitris has spent the past 5 years towards turning Globalworth into the largest office-property owner and developer in Romania.

    During the years spent as Managing Director and European Head of Portfolio Management for RREEF Opportunistic Investments ("ROI"), Dimitris was responsible for overseeing ROI's acquisitions across Europe as well as managing ROI's pan-European real estate investment portfolio consisting of 40 investments with a gross asset value in excess of €6bn. Before that, Dimitris was a senior member of the team responsible for originating, structuring and executing real estate investments, with a main focus on the French, Italian and South-Eastern European markets with an enterprise value in excess of €5.5bn across all major asset classes.

    Since November 2012, Dimitris dedicated his efforts to Globalworth’s mission, to establish itself as the region’s leading office investor, by investing in premium buildings, meeting the highest standards of quality, energy efficiency and environmental protection. With the help of Dimitris, Globalworth made great progress towards its objectives, and turned the last years into an historical period for the company. His work is consistent with the Globalworth’s strategic focus and is a testament to the company’s unrivalled expertise in building solid relationships with some of the largest corporates in the world by delivering landmark, high-quality work spaces that guarantee performance, competitiveness and a comfortable, productive work environment.

  • Norbert Sasse is Chief Executive Officer of Growthpoint. He has 10 years’ experience in corporate finance with Ernst & Young Corporate Advisory (in South Africa and London) and Investec Corporate Finance (in South Africa). Norbert was instrumental in growing Growthpoint from a listed property fund having assets of ZAR 100 million and a market capitalisation of ZAR 30 million in 2001 to South Africa’s largest listed property company with assets of over ZAR 112 billion and a market capitalisation of ZAR 73 billion as at January 2017. Norbert led Growthpoint’s first offshore investment in Australia in 2009 by investing AUD 200 million in Orchard Industrial Fund (subsequently renamed Growthpoint Properties Australia, (“GOZ”)), a property company that was facing foreclosure. With a market capitalisation of AUD 250 million following the recapitalisation of the company by Growthpoint, GOZ has now grown to a market cap of AUD 2 billion. He was also involved in establishing the Association of Property Loan Stock Companies (PLS Association), which has subsequently been renamed SAREIT (South African Real Estate Association). Norbert holds a BCom and Honours degree in Accounting from Rand Afrikaans University and is a Chartered Accountant.

  • George Muchanya is responsible for Corporate Strategy at Growthpoint and is a member of the Executive Committee. After spending his initial career years as an engineer, in 2000 George made a career change into banking, where he worked in retail product development, treasury and investment banking both in South Africa and UK. This was followed by a brief period at a global management consulting firm. George joined Growthpoint in 2005, where he focuses largely on mergers and acquisitions. The period since he joined has seen Growthpoint concluding transformational transactions, including the expansion of Growthpoint into Australia, the acquisition of the iconic V&A in Cape Town, single and large property portfolio acquisitions, and the consolidation, through mergers and acquisitions, by Growthpoint of the South African listed property sector. George played an integral part in this transformation and was part of the frontline deal negotiation and execution team. George holds a BSc in Engineering from the University of Natal, an MBA from the University of Wales, a certificate in Corporate Finance from the London Business School as well as a leadership certificate from Harvard Business School.

  • Andreas Segal is deputy CEO and CFO of BUWOG AG, and Austrian-German real estate platform and developer listed on Vienna Stock Exchange (ATX). Prior to that he was CFO of Deutsche Wohnen AG, the second largest, M-DAX listed residential player in Germany, focused on asset management, privatizations and nursing homes. Before he joined Wohnen AG he had been Co-CEO and CFO of GSW Immobilien AG, an M-DAX listed residential real estate platform. He also worked for a German consumer electronics retail chain where he was responsible for the corporate restructuring, and later held positions in the corporate banking department at Commerzbank AG.

    Andreas Segal holds a degree in law and a pre-degree in business administration and is also a graduate of the Advanced Management Program of the Harvard Business School.

  • Mr van Campen currently serves as the director of Astarta Holding NV in Amsterdam, a company listed on the Warsaw Stock Exchange, which is active in the agricultural sector in Ukraine; the director of Ovostar Union NV in Amsterdam, also quoted on WSE, a very successful company in the field of eggs, egg products and poultry; and the director of the European subsidiaries (outside Italy) of Salvatore Ferragamo Spa in Florence, Italy, one of the principal players in the luxury sector in Europe.

    Mr van Campen began his professional career at Océ van der Grinten NV (1968-1976). In the period from 1976-2002, Mr van Campen served as the general counsel at Amstelland NV (currently AM NV). Marcus van Campen has extensive knowledge in the field of construction, real estate and project development, including in the financing thereof. Mr van Campen has extensive experience in corporate governance matters, monitoring activities carried out by financial supervision authorities such as the AFM, and in transparency requirements.

    Marcus van Campen holds a Master’s degree in law from University of Nijmegen, the Netherlands.

  • Thomas de Witte holds the position of Chief Financial and Risk Officer (CFRO) at Geneba Properties N.V., an NPEX-listed real estate investment fund located in Amsterdam. He joined the company in September 2015 with key responsibilities for finance, reporting and risk management. Prior to that he spent 12 years at Vastned Group, a group of Euronext-listed real estate companies. As CFO at Vastned Group Mr. de Witte played a key role in managing the reporting, treasury and financing of the group. He was responsible for taxes, IT and human resources. From 1991 until 2003 he worked for Arthur Andersen Accountants, and, after it was acquired, for Deloitte & Touche Accountants.

    He is also a member of the supervisory board and chairman of the audit committee of Staedion, a housing association in The Hague. Additionally, he is a member of the Raad van Toezicht and chairman of the financial commission of Koninklijke Diergaarde Blijdorp (Rotterdam Zoo). He is a member of CFO Executive Global Network and Finanza Rijnmond.

    Thomas de Witte holds master’s degrees in business economics and Dutch law from the Erasmus University of Rotterdam, where he also completed a postgraduate accountancy (CPA) course.

  • Ms Claudia Pendred has over 25 years of experience of investments and financing throughout Central and Eastern Europe, South Eastern Europe and North Africa.

    Previously she was a Director for Property & Tourism at the European Bank for Reconstruction and Development (EBRD), where she expanded the bank’s property activities into new countries and new products. Before that she was the EBRD Director for Romania and was based in Bucharest. Prior to the EBRD, Ms Pendred worked at N.M. Rothschild & Sons, where most recently she was Director of Corporate Finance, focused on Central and Eastern Europe. Earlier on, she worked at J. Henry Schroder Wagg & Co in their International Finance Department and before that she worked with the World Bank in Washington DC.

    Ms Pendred is and has been on several Boards and Investment Committees including various property funds.

    Ms Pendred holds an MBA from INSEAD Business School, an MA from Harvard University and a BA from the University of Oxford.

Strategy

Globalworth Poland is a real estate company active in Poland with a prime focus on the office sector. Our aim is to develop our property portfolio and deliver attractive returns to shareholders both in the form of dividends and capital appreciation through the ongoing asset management of our the existing portfolio and through further acquisitions of properties meeting our criteria. The key elements of Globalworth Poland’s growth strategy are as follows:

01

Attractive dividend policy

We intend to regularly pay out approximately 90% of funds from operations to our shareholders.

02

Precise investment strategy

Ongoing investment in properties that meet strictly defined criteria. We are primarily interested in the office sector in central locations in key Polish cities. We target buildings of high technical quality, good environmental credentials, with a diversified tenant base or an anchor tenant with a long-term lease. We focus on properties that offer attractive income streams and where value can be added through asset management.

Globalworth Poland

Globalworth Poland Real Estate N.V. (GPRE) is a pure-play Polish real estate platform listed since April 2017 on the Warsaw Stock Exchange. GPRE is majority owned by Globalworth, the leading CEE office landlord focused on Poland and Romania.

Registered office

Claude Debussylaan 15
1082MC Amsterdam, The Netherlands

+31(0)20 238 4000

Contact

Management
ul. Marszałkowska 142
00-061 Warsaw

phone:
+48 22 27 80 600

e-mail:
contact@globalworth.pl