Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces that Dimitris Raptis is appointed sole CEO of the Group. Ioannis Papalekas is stepping down as CEO of the company effective 15th of December 2020.
Dimitris Raptis will lead Globalworth’s excellent management team of seasoned professionals, many of whom have grown within the organisation and have been largely responsible both for the company’s success so far as well as for how well the company has fared during the last several turbulent months.
Dimitris Raptis, Globalworth Group CEO:“I am delighted to take on the sole CEO role and look forward to cementing Globalworth’s market leading position in CEE. I am very confident that we will address the challenges that may lie ahead in 2021 and beyond and achieve new levels of success.
I have worked alongside Ioannis since Globalworth’s creation in 2012. He has been the visionary leader and driving force behind Globalworth’s outstanding success and transformation from a small Romania-focused office developer into the largest office investor and landlord in the wider region. The values of respect, commitment, drive to excel, client-centric focus and giving back to the wider community will continue to be the pillars of Globalworth’s culture and strategy.
I would also like to add my personal thanks to Ioannis for his friendship, counsel and trust over the years and wish him all the very best for the future”
Ioannis PapalekasFounding and leading Globalworth has been my life’s work and greatest professional achievement. It has been challenging but at the same time very fulfilling, professionally, and personally. I am very proud that after so many years of hard work together we have created a pioneering real estate player in the region, ready for the next stage of its development. I am also grateful to the entire Globalworth community for its tremendous support and commitment, without which such an achievement would not have been possible. I am convinced that Dimitris, with whom we started the Globalworth journey together, is the right person to drive the company’ future growth and success”
Dimitris Raptis (45) is a seasoned business leader with 25 years of experience in the financial services and real estate industries. He has been Globalworth’s Co-CEO since March 2020. He joined the Group when it was founded in 2012 as Deputy CEO and Chief Investment Officer. In this role, he was involved in most of the Company’s activities, with primary responsibility for Globalworth’s investment and capital raising initiatives, and since 2017, Globalworth Poland, the Group’s Polish business. During this period, he oversaw acquisitions and developments worth of Euro 2.7 billion (including the acquisition of the portfolio company that became Globalworth Poland in a take-private transaction) as well as the raising of Euro 5 billion of equity capital and debt capital transactions which propelled Globalworth from an asset base of Euro 53m when it was listed in London’s AIM market exchange in 2013 to over Euro 3 billion today, becoming the largest office investor and landlord in the CEE region. His appointment as CEO is part of the Group’s evolution through the years and its gradual transition from a successful Romania-based office developer to a highly recognised and reputable multinational institutional office investor and asset manager.
Before joining Globalworth, Dimitris Raptis spent 16 years in Deutsche Bank, most of them as a senior member of the real estate investment management group of Deutsche Bank’s Asset and Wealth Management division (“RREEF”). From 2008 to 2012, he was Managing Director and European Head of Portfolio Management for RREEF Opportunistic Investments, the real estate private equity division of Deutsche Bank.
Dimitris Raptis has a First Class (HONS) BSc in Banking and International Finance from Cass Business School, London.
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 Romania and in Poland. Globalworth invests, acquires, develops, and directly manages high-quality office real estate assets and industrial and logistics parks in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 200 professionals across Cyprus, Guernsey, Romania and Poland, a combined value of its portfolio is €3.0 billion, as at 30 June 2020. Approximately 94.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of c.700 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Constanta, and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice.