Globalworth Real Estate Investments appoints Andreas Tautscher, Piotr Olendski, Favieli Stelian, and Daniel Malkin to its Board as Non-Executive Directors

– GUERNSEY, Saint Peter Port –  Globalworth Real Estate Investments Limited (LON: GWI), the leading office investor in Central and Eastern Europe, today announced the following changes to the appointments of Andreas Tautscher, Piotr Olendski, Favieli Stelian, and Daniel Malkin to its Board as Non-Executive Directors effective immediately.

Directors leaving the Board

Concurrently, the company also announced that Geoff Miller, John Whittle, and Andreea Petreanu are leaving the Board with immediate effect.

About Andreas Tautscher

Andreas Tautscher is an experienced Financial Services former executive who now focuses on acting as an independent director for listed and private funds, as well as other regulated businesses. He is currently a Director and Chairman of the Audit Committee for MJ Hudson PLC, an AIM-listed provider of services to alternative Asset Managers. He also sits on the boards of Doric Nimrod Air 1, 2, and 3, which are LSE-listed aircraft leasing funds.

From 1994 until 2018, Andreas was a senior executive at Deutsche Bank and was most recently CEO of the Channel Islands and Head of Financial Intermediaries for EMEA and LATAM. He has experience across the full spectrum of funds, trust, and banking services in most of the major financial centers. He also sat on the UK Regional Governance Board of Deutsche and the EMEA Wealth Management Exco.

He has also served on local government advisory committees and was for 6 years a Non-Executive Director on the Board of Virgin Group. Andreas’s first career was in the oil industry as a Geologist before moving to PricewaterhouseCoopers where he qualified as a Chartered Accountant in 1994.

About Piotr Olendski

Piotr Olendski is currently serving as Management Board Member and Chairman of the supervisory boards of several Polish companies in the renewable energy sector. Before this, he was a Managing Director in PZU SA in charge of property and casualty corporate insurance and Deputy Chairman of the Supervisory Board of PZUW SA (a subsidiary of PZU). Before PZU, Mr. Olendski worked for 19 years for Deutsche Bank Polska SA, including acting as Management Board Member responsible for investment banking for 7 years.

About Favieli Stelian

Favieli Stelian has over 25 years of international experience in real estate, renewable energy, business, finance, and accounting. Today living in Romania, he is the Managing Partner of Nofar Energy.

From 2010 until the end of 2021, he has been the CEO of Shikun & Binui Romania (listed on the stock exchange in Israel). Before that, Mr. Stelian was a director or manager of several Israeli companies both in Israel and Romania.

Mr. Stelian has a Master’s degree in Law from Bar-Ilan University, specializing in capital funds, intellectual property, international commerce. He also has a Bachelor’s degree in Business Administration and is a certified public accountant.

About Daniel Malkin

Daniel Malkin is an Independent Director and member of the audit committee at Grand City Properties SA. He is also the co-founder and managing director at SIMRES Real Estate SARL. Before joining Grand City, Mr. Malkin served as an independent Investment and Fund Manager of fixed income investment funds at Excellence Investment Bank and he has also served on the board of directors of several other Luxembourg companies. He holds a BA in Business Administration.

Under the rights of Growthpoint Properties Limited, as set out in the Articles, George Muchanya has been re-appointed as a non-executive Director. Mr. Muchanya previously served as a Non-executive Director under GRT’s rights from 27 February 2017 until 23 April 2020, and since then has acted as an alternate Director to Norbert Sasse, Non-Executive Director.

Mr. Muchanya is Head of Corporate Finance at GRT and is a member of its Executive Committee. He has 25 years of experience spanning engineering, management consulting, and real estate.

George holds a BSc in Engineering from the University of Natal, an MBA from Wales University, a certificate in Corporate Finance from the London Business School, as well as a leadership certificate from Harvard Business School.

About Globalworth

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops, and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high-quality tenants from around the globe. Managed by over 230 professionals across Cyprus, Guernsey, Poland, and Romania, the combined value of its portfolio is €3.1 billion, as of 30 June 2021. Approximately 95.1% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk, and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, and Pitesti.

For more information: https://www.globalworth.com/

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