CTP Invest, spol. s r. o. agreed to acquire Logistics portfolio of Globalworth from Globalworth Real Estate Investments Limited (AIM:GWI) for ?70 million on March 11, 2024. The consideration consists of ?70 million in cash. The base consideration payable to Globalworth is ?70 million, excluding working capital, and following adjustment for associated secured bank loans of ?98.2 million and other customary adjustments. The agreement contains a number of customary conditions, all of which are expected by the Globalworth to be fulfilled after signing. The final consideration is to be determined depending on the secured loan balance and working capital balance on the closing date and is to be paid in cash by the end of May 2024. The sale proceeds will be used by the Company for general corporate purposes.

Dominic Morley of Panmure Gordon (UK) Limited acted as Financial advisor to Globalworth Real Estate Investments Limited.