– GUERNSEY, Saint Peter Port – Globalworth Real Estate Investments Limited (LON: GWI), the leading office investor in Central and Eastern Europe, today announced the appointment of Panico Theocharides to its Board as a Non-Executive Director with immediate effect, replacing George Muchanya, who has resigned from the Board.
Mr. Theocharides also joined the Nomination Committee of the Board.
About Panayiotis Theocharides
Panico Theocharides currently serves as Group Head of Investments at GRT and has over 20 years of executive leadership experience focused on listed real estate investment trusts and the investment banking advisory industry in South Africa and currently serves as a non-executive director of Capital & Regional plc (LON: CAL) and Growthpoint Properties Australia (ASX: GOZ).
Panico Theocharides has extensive executive experience having held senior roles including Head of Property Advisory, Corporate Finance at Investec Bank Limited in South Africa, Joint CEO of Annuity Properties Limited (a former JSE listed REIT), and CEO of Annuity Asset Managers and Annuity Property Managers. Before this, He was Head of Corporate Finance at Sasfin Bank and a member of its Executive Committee and also co-founded Tenurey BSM (Pty) Ltd, an independent property advisory business providing corporate finance and property advisory services to JSE-listed and large private property companies.
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 260 professionals across Cyprus, Guernsey, Poland, and Romania, the combined value of its portfolio is €3.2 billion, as of 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 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, Pitesti, Arad, Oradea, and Targu Mures.
Source: https://www.globalworth.com/
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