ARTICLES LABELLED WITH TAG GTC

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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News GTC Hungary to use only clean energy from 2023
23
Feb
2023

GTC Hungary to use only clean energy from 2023

by Property Forum
As part of its energy management and sustainability strategy, the real estate developer will reduce its domestic energy consumption by 20 per cent by 2025. 
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News GTC to spare energy in Budapest office building
31
Jan
2023

GTC to spare energy in Budapest office building

by Property Forum
The development firm has invested in the technical modernization of its buildings and reassured "BREEAM in Use" accreditation for the Váci Greens D complex.
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Latest news


New leases

  • The Lux Med Group will join the ranks of the Fabryczna Office Park complex being developed by the Inter-Bud Group as part of the Fabryczna City project - an omni-functional investment being built on Aleja Pokoju in Krakow. The lease agreement between Lux Med Group and Inter-Bud Group was signed for over 1.7 thousand sqm.
  • The group of tenants of Dekada Nysa (southwestern Poland) is expanding. Family Pets & Zoo will occupy a 258 sqm showroom, where it will offer a wide selection of food, supplements for dogs and cats, cosmetics, toys and many other pet products.
  • Flexion Mobile Plc's Hungarian branch has chosen traditional long-term office leasing over previously used serviced office rental and is moving to the ZenGarden office building in Budapest.

New appointments

  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
  • Dominika Bombik has taken up the position of Marketing and Communications Director at BPI Real Estate Poland. She will be responsible for the creation and implementation of marketing activities for the residential property product portfolio and the developer's image on the Polish market.

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