ARTICLES LABELLED WITH TAG GTC

News GTC records strong increase in net profit year-on-year
19
May
2022

GTC records strong increase in net profit year-on-year

by Property Forum
In Q1 2022, GTC’s adjusted EBITDA was at €26 million (€24 million in Q1 2021) and the net profit amounted to €15 million (€9 million in Q1 2021). This mainly resulted from a strong operating performance combined with profit from revaluation/impairment of assets of €3 million, partially offset by an increase in foreign exchange differences loss by €1 million.
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News GTC: We are not actively pursuing any disposals
05
May
2022

GTC: We are not actively pursuing any disposals

by Michał Poręcki
Zoltán Fekete and Ariel Ferstman, the CEO and CFO of Globe Trade Centre, have talked to Property Forum about GTC`s financial results in 2021, shaking off the last COVID-related restrictions and biggest challenges for the commercial property market in 2022.
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News GTC records net profit of €43 million in 2021
06
Apr
2022

GTC records net profit of €43 million in 2021

by Property Forum
In 2021, GTC recorded an adjusted EBITDA of €113 million (€105 million in 2020) with the net profit amounting to €43 million in 2021 (€71 million loss in 2020). This mainly resulted from a strong operating performance combined with lower loss from revaluation/impairment of assets by €130 million, partially offset by an increase in finance cost by €8 million and recognition of tax expenses of €14 million.
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News GTC to further develop Matrix Office Park in Zagreb
21
Mar
2022

GTC to further develop Matrix Office Park in Zagreb

by Property Forum
GTC is set to further develop the Matrix Office Park in Zagreb by adding another building to the complex. The third building, Matrix C, which received a building permit earlier this year, will be the newest extension to the business centre. Just like the previous two, Building C is meant to provide innovative office space, while maintaining a high ecological standard for an international tenant mix. The shell & core of the building is scheduled for completion in Q2 2023 ready for the fitting out of tenant areas.
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News GTC appoints Zoltán Fekete as President of the Management Board
17
Mar
2022

GTC appoints Zoltán Fekete as President of the Management Board

by Property Forum
Zoltán Fekete was appointed the President of the Management Board of GTC. Previously, he has served the company as the Chairman of The Supervisory Board for two years. In the new role, Mr Fekete will steer all GTC’s operations in the region.
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News GTC opens Pillar office building in Budapest
10
Mar
2022

GTC opens Pillar office building in Budapest

by Property Forum
GTC has handed over the Pillar office building in Budapest which will almost fully be occupied by ExxonMobil. This BTS project was the biggest pre-lease ever (29,000 sqm) on the Hungarian office market.
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News GTC Hungary appoints new top managers
15
Feb
2022

GTC Hungary appoints new top managers

by Property Forum
GTC Hungary has appointed new top managers who will be responsible for serving GTC’s clients more efficiently.
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News Yovav Carmi steps down from GTC’s Management Board
14
Jan
2022

Yovav Carmi steps down from GTC’s Management Board

by Property Forum
Yovav Carmi, President of GTC’s Management Board, has announced that he steps down from the current position by mutual agreement. He has served the company for over 20 fruitful years, performing various functions, including a post on the Management Board.
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News Indotek closes purchase of Serbian portfolio from GTC
12
Jan
2022

Indotek closes purchase of Serbian portfolio from GTC

by Property Forum
Indotek Group has completed the acquisition of 11 office buildings in 5 business parks in Belgrade from GTC. With the closing of one the recent years’ largest transactions in CEE, Indotek Group has further strengthened its position in the regional real estate market and is now present in 12 countries.
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News GTC secures green certificate for Bucharest office building
06
Jan
2022

GTC secures green certificate for Bucharest office building

by Property Forum
Property developer GTC has received LEED Gold certification for the Cascade Office Building located in central Bucharest. 
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Latest news


New leases

  • International 3PL operator Global Reach Logistics signed a lease agreement for 26,500 sqm at Prologis Park Poznań II, announced 108 Agency who has contributed to this project.
  • The Polish branch of Japanese logistics company Yusen Logistics has leased 8,700 sqm of additional warehouse space in Goodman’s Toruń Logistics Centre, bringing it up to full occupancy.
  • Hines has announced the signing of a new seven-year lease with clothing company Local Heroes at the Ambassador office building in Warsaw .The new tenant will initially occupy 570 sqm of temporary space, with plans to expand to 651 sqm later this year.

New appointments

  • Dorota Mielke has joined Office Agency team of BNP Paribas Real Estate Poland and taken the position of Associate Director. Her main task in the new role will be taking care of business development and advising on office strategies and space rental.
  • Dariusz Domański has been promoted to be a Managing Partner at White Star Real Estate in Poland. He will be responsible for Residential Development business of White Star Real Estate and White Star Residential Management operating businesses. Darek will also continue to manage White Star’s flagship project- Elektrownia Powiśle.
  • Mariusz Cieśliński has joined the Polish team of MNK Partners to take up the position of Investment Manager. In his new role, he will be responsible for supporting the investment processes of funds across Europe.


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