Globalworth acquired Automobile Dacia distribution facility

Globalworth Real Estate Investments Limited, the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, announces that it has signed the acquisition of a warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis.

The facility is located 100km west of Bucharest near the Bucharest - Pitesti highway, one of Romania's principal warehouse and industrial corridors and is 28km away from Dacia's main plant in Mioveni, Arges County.

Spanning across 68,000 square metres, it is one of the largest distribution centres of Renault Group for spare parts and accessories outside of France.

The transaction value is circa Euro 42.5 million euro. Closing of the transaction is subject to customary conditions precedent, including clearance from the Romanian Competition Council and approval from the property's existing lender.