Milbank LLP has advised Globalworth Real Estate Investments Limited (“Globalworth”) and its subsidiary Globalworth Holdings Cyprus Limited on their €85 million six-year term loan agreement with the International Finance Corporation, a member of the World Bank (the “IFC Loan”). Under the terms of the IFC Loan, an equivalent amount of its proceeds will be allocated to eligible commercial property projects in Romania, according to Globalworth’s green loan framework.
Globalworth is an AIM-listed company active in Central and Eastern Europe (“CEE”). It has become the preeminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from tenants.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Ana Grbec, with associates Simeon-Henri de Vries and Dionysis Diamantatos and legal assistant Lucia Torrisi.
