GTC has summarized its performance in Poland in 2024. The company achieved satisfactory results in the commercial sector, leasing 93,000 sqm, marking the best performance of the last decade. GTC's shopping centres also reported equally good operational results - tenant-generated turnover increased by 13% year-on-year, while the number of visitors exceeded 13 million.
In 2024, GTC Group achieved its best leasing performance in office and retail spaces in the past 10 years. The company leased over 62,000 sqm of office space in Poland. New lease agreements and expansions accounted for more than 50% of the total leased office space. The largest share was recorded in Kraków and Łódź. Particularly good results were achieved in Łódź, where leases signed by GTC represented nearly 30% of all transactions on the local office market. Among the tenants who extended their leases were companies such as IBM at the Korona Office Complex in Kraków, while new tenants included Polkomtel at Sterlinga Business Center, a global leader in ICT solutions at University Business Park in Łódź, a technology company in the Pixel office space in Poznań, and the Małopolska Centre for Entrepreneurship at the Korona Office Complex.
In the retail space segment, the GTC Group achieved equally significant results. In 2024, GTC's shopping centres in Poland attracted a record-breaking number of over 13 million visitors. Galeria Północna welcomed nearly 7.5 million customers, while Galeria Jurajska - about 5.6 million. The tenants recorded a noteworthy 13% year-on-year increase in turnover. Additionally, lease agreements covering a total of nearly 30,700 sqm were signed at Galeria Północna and Galeria Jurajska. New contracts and expansions covered over 2,100 sqm, while extensions of existing agreements accounted for as much as 28,500 sqm. Among the lease extensions at Galeria Jurajska in Częstochowa were tenants such as LPP Group, Cinema City, H&M, and RTV Euro AGD. Meanwhile, at Galeria Północna in Warsaw, new tenants included the Tchibo brand, while H&M, Zdrofit, New Yorker, and RTV Euro AGD extended their leases.
"2024 was an exceptionally successful year for GTC on the Polish market, delivering record-breaking results. We achieved the highest leasing levels in a decade, and additionally, our shopping centres recorded significant growth in both visitor numbers and tenant turnover. These achievements are primarily the result of the hard work and dedication of our entire team, for which I am immensely grateful. Their commitment, determination, and professionalism have been invaluable. Both in terms of leasing and operations, 2024 was an extraordinarily fruitful year for us" - summarizes Agnieszka Ciupak, Managing Director of GTC in Poland.
