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Monday | April 12 | 2021

Globalworth net operating income increased by 6.5% to EUR 157.3 million

Globalworth net operating income increased by 6.5% to €157.3 million in 2020 and a total combined portfolio value which remained unchanged at €3.0 billion.

The company took-up or extended / renegotiated 303.5k sqm of commercial spaces in portfolio of high-quality properties, representing c.25% of the total standing commercial GLA.

The commercial occupancy remained high at 90.9% (91.7% including tenant options) as at year-end.

Annualised contracted rent reached €183.4 million, of which 91.3% from office and industrial properties.

Rate of collections for rents invoiced and due remained high at 99.0% for the year.

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