ARTICLES LABELLED WITH TAG GTC

News Coworking operator betahaus enters Romania
21
Feb
2024

Coworking operator betahaus enters Romania

by Property Forum
Coworking space operator betahaus has opened its first hub in Bucharest, marking its entrance in Romania. The company has leased space in the Premium Plaza office project owned by GTC in central Bucharest.
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News Indotek sells Belgrade office portfolio
29
Dec
2023

Indotek sells Belgrade office portfolio

by Property Forum
Indotek is transferring the management of the Gordius Private Equity Fund to fellow Hungarian investor Diófa Fund Management, which will also take over the Belgrade office portfolio held by Indotek, Portfolio.hu reports. Indotek Group said it will use the funds released by the portfolio restructuring to finance domestic and international acquisitions. The company also announced that it had acquired a significant part of the Vörösmarty shopping complex in Budapest at the end of the year.
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News GTC sees rental revenue growth of 6% in Q1-Q3 2023
16
Nov
2023

GTC sees rental revenue growth of 6% in Q1-Q3 2023

by Property Forum
Real estate investor and developer GTC has recorded a like-for-like rental revenue growth of 6% in the first nine months of 2023 compared to the same period of last year. At the same time, the gross margin from rental activity slightly rose to €92 million.
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News GTC announces major change in top management
30
Aug
2023

GTC announces major change in top management

by Property Forum
GTC Hungary and GTC S.A. have entered into a mutual employment contract termination agreement with Zoltán Fekete and János Gárdai. Both have also resigned from their seats on the Management Board of both entities. The resignation is effective as of 31 August 2023. Gyula Nagy and Zsolt Farkas were appointed Management Board members of GTC Hungary as well as the Management Board and Supervisory Board of GTC S.A., effective 31 August 2023.
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News GTC continues with resilient operating performance in 2023
24
Aug
2023

GTC continues with resilient operating performance in 2023

by Property Forum
GTC has presented strong financial results for the first half of 2023 with €90 of rental revenues, 8% higher than the €85 million recorded in the same period of the previous year.
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News GTC appoints new heads of departments
03
Jul
2023

GTC appoints new heads of departments

by Property Forum
Witold Rafalski joined GTC Poland as the Head of Asset Management and Marcin Zaskurski joined as the General Counsel and Head of Legal Department. 
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News GTC Poland strengthens leasing team
27
Jun
2023

GTC Poland strengthens leasing team

by Property Forum
The GTC Poland leasing team is joined by four new experts: Łukasz Jarzyło as Head of Office Leasing, Agnieszka Kuehn, Michał Kubicz and Maciej Łyszczyński as Senior Leasing Managers.
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News GTC reports €12 million net profit in Q1 2023
26
May
2023

GTC reports €12 million net profit in Q1 2023

by Property Forum
GTC’s adjusted EBITDA was €24 million in Q1 2023 (€26 million in Q1 2022), while net profit amounted to €12 million in Q1 2023 (€15 million in Q1 2022). The decrease mainly resulted from lower gross margin from operations and loss from revaluation, partially offset by lower finance costs and foreign exchange gain.
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News GTC reports €25 million profit for 2022
25
Apr
2023

GTC reports €25 million profit for 2022

by Property Forum
GTC’s adjusted EBITDA was at €101 million in 2022 (€113 million in 2021), while the net profit amounted to €25 million (€43 million in 2021). This mainly resulted from lower gross margin from operations, higher loss from revaluation and foreign exchange loss, partially offset by lower finance costs.
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News Barbara Sikora joins GTC's Management Board as CFO 
25
Apr
2023

Barbara Sikora joins GTC's Management Board as CFO 

by Property Forum
GTC has appointed Barbara Sikora, an experienced financial leader to head the financial activities of the group. She will replace Ariel Ferstman after he moves to lead GTC's expansion in new sectors and markets focusing on M&A, fundraising and capital markets.
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Latest news


New leases

  • Two more brands have joined the ranks of tenants at Galeria Copernicus in Toruń: Żabka (60 sqm) and the pet shop Aquael ZOO (170 sqm).
  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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