ARTICLES LABELLED WITH TAG GTC

As of 28 May 2025, Małgorzata Czaplicka has been appointed President of the Management Board of GTC S.A. She takes over from Gyula Nagy, who served as President of the Management Board since August 2023.

Shares in real estate company GTC were down 8% to PLN 3.99 on the Warsaw Stock Exchange since March 19, while the yield on its euro-denominated bond rose to 13% following financial issues related to its parent company, Optima Befektetesi Zrt.

GTC has announced financing extension for Galeria Jurajska shopping centre in Częstochowa (southern Poland). The amended credit agreement extends the loan maturity by 5 years, with a remaining balance of €100.65 million. The financing is provided by Erste Group Bank AG and Raiffeisenlandesbank Niederösterreich-Wien AG.

GTC has announced the sale of its GTC X office building in Belgrade for €52 million. The transaction, finalized in early February, generated net proceeds of €24 million for GTC after the repayment of a bank loan.

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.

Digital hospitality platform Numa Group and GTC have announced their launch in Hungary with a flagship property in central Budapest. 

GTC has raised €82 million from the sale of two assets in Poland and Croatia as part of a strategy designed to strengthen its financial position.  

GTC Group’s management board has announced the acquisition of a residential portfolio in Germany, currently held by Peach Property Group. The portfolio is spread around the cities of Kaiserslautern, Helmstedt, and Heidenheim. It comprises 5,165 residential, 47 commercial units, 71 other units, and 2,108 parking units with a total leasable area of 324,167 sqm. GTC said the portfolio has an adjusted property value of approximately €448 million based on full ownership.

GTC Group has announced a consolidated net profit of €21.2 million for the second quarter of 2024, marking a significant turnaround from the €23.2 million loss reported during the same period last year. The company’s net profit from operations reached €33.5 million -  a also a significant improvement compared to the €20.9 million loss recorded y-to-y.

GTC has presented the summary of its activities in Poland in the first half of 2024. Over 35,400 sqm of office space was leased across ten buildings in Poland's largest cities. GTC’s properties attracted 14 new partners, and 18 companies chose to extend their leases.