GTC, a major investor and developer in CEE commercial real estate, has appointed three new members to its Management Board. The new executives, Jacek Bagiński, Mihály Ország, and Botond Rencz, bring extensive experience from the real estate, finance, and advisory sectors.
The newly appointed executives will work alongside Małgorzata Czaplicka, who has led the management board since late May.
Jacek Bagiński (right in picture), a finance expert with 30 years of experience, joins as CFO. His background includes serving as a Management Board Member and CFO at EPP NV, Poland's largest shopping center owner. He also held similar roles at Empik Media & Fashion and served on the management boards of other Warsaw Stock Exchange-listed companies. His appointment is effective September 8.
Botond Rencz (left in picture), who spent nearly 30 years with E&Y and Arthur Andersen, will serve as the Chief Business Sustainability Officer. As CEO Hungary and regional leader, he oversaw EY's operations in several Central European countries. His appointment is effective August 11.
Mihály Ország (center in picture) joins as the Chief Corporate Finance Officer after 28 years with K&H Bank Zrt., where he was most recently the Head of Specialized Financial Services & Financial Markets Directorate. He was responsible for financing projects in commercial real estate, renewable energy, and infrastructure. His appointment is effective September 2.
GTC manages a portfolio of 44 properties, offering 727,000 sqm of leasable space. The company has also developed 82 office buildings and shopping centers with a total area of 1.4 million sqm. Since 2024, the company has also owned nearly 5,200 residential units in Germany. Additionally, GTC is currently developing over 65,000 sqm of commercial space across five projects and has a land bank for future developments.
