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ARTICLE · 07 FEBRUARY 2017

Guernsey LSE AIM-Listed Fund Gets €186 Million Investment

Globalworth issued shares at a premium to Growthpoint and Oak Hill Advisors (Europe) LLP to raise a total of €200 million.

GuernseyWealth Management

Guernsey AIM-listed fund Globalworth Real Estate Investments Limited has received a €186 million investment from Johannesburg Stock Exchange-listed Growthpoint Properties Limited

It has resulted in Growthpoint - South Africa's leading Real Estate Investment Trust and a highly-respected international real estate investor - taking a circa 27% holding position in Globalworth.

Globalworth issued shares at a premium to Growthpoint and Oak Hill Advisors (Europe) LLP to raise a total of €200 million. The transaction was completed on 20 December 2016.

Globalworth was incorporated in Guernsey in February 2013 as a closed-ended real estate investment company and admitted to AIM in July 2013. At the end of last year, Globalworth had a market cap of more than £522 million.

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