News Article Buc GTC investment office Romania
by Ákos Budai | Investment

GTC has acquired two buildings in Bucharest, Premium Plaza and Premium Point. The two modern A-class office buildings in the capital’s CBD will increase GTC’s Romanian portfolio by 15,000 square metres of net leasable area.

Completed at the end of 2008, the Premium Plaza high-rise building comprises 15 office levels and 3 underground parking floors. The investment encompasses 8,600 sqm of which 86% has been leased to international tenants. Whereas, the Premium Point office building, delivered in 2009 offers a total leasable area of 6,400 sqm on 9 floors and has 3 levels of underground parking. It is leased in 74% to top global companies, such as Franklin Templeton, Thomson Reuters, Autodesk and HBO.
Both buildings are located in the centre of one of the most important administrative, business, finance and cultural districts in Bucharest.
“The acquisition of these two prime office buildings will substantially improve GTC’s position as mayor player on the office market in Bucharest. Both assets are located in the heart of the Bucharest’s central business district and the value-add potential will be unlocked via a combination of technical upgrade and improved services for tenants granting high occupancy in near future.” – said Thomas Kurzmann, CEO of GTC.