GTC has signed a €148.8 million loan agreement with Berlin Hyp to refinance its German residential portfolio financing and support further capital expenditure in selected assets.
The new facility matures in 2031 and replaces existing financing, extending the debt maturity profile and strengthening the group's long-term financing structure.
The financing covers properties in Kaiserslautern and Heidenheim, which form part of GTC's German residential platform acquired at the turn of 2024 and 2025. The transaction represents another step in the group's refinancing strategy aimed at optimising debt structure, reducing near-term refinancing pressure, and securing stable funding for future portfolio development.
"This transaction marks another milestone in GTC's debt refinancing and extending the group's debt maturity profile. The new loan refinances the bulk of the senior bank loans financing the German portfolio at standard market cost of funding," said Jacek Bagiński, CFO of GTC. "This agreement brings us one step closer to completing all the key refinancings due this year."
"This refinancing strengthens our position and provides a stable foundation for the continued management of our assets," said Mihály Ország, Chief Corporate Finance Officer and Member of the Management Board of GTC.
The refinancing follows a series of liability management measures undertaken by GTC in recent months, including the issuance of €455 million senior secured notes in October 2025, which extended the group's overall debt maturity schedule. These actions support GTC's objective of strengthening balance sheet resilience while maintaining flexibility for further portfolio optimisation across its markets.
