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GWI : Globalworth Real Estate acquisition of Timisoara Airport Park

Globalworth Real Estate acquisition of Timisoara Airport Park

Globalworth Real Estate is buying a light industrial complex north east of Timisoara (close to Traian Vuia International Airport in western Romania). Valeo (car parts) and Continental (tyres) occupy c73,000 sqm of space and have options to extend that to c113,000 sqm.

Globalworth is paying €18m up front and believes it will spend a further €17m on the development of the project.

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