ARTICLES LABELLED WITH TAG GTC

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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News GTC presents good leasing results in Warsaw
31
Jan
2023

GTC presents good leasing results in Warsaw

by Property Forum
GTC closed the year by achieving a high occupancy rate for its office buildings in Warsaw. Particularly important for GTC's results was a contract-laden end of the year. The company signed office leases from its Warsaw portfolio for nearly 20,000 sqm, 34 percent of all transactions were new tenants.
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News GTC to open biggest single office complex in Hungary
06
Dec
2022

GTC to open biggest single office complex in Hungary

by Property Forum
The existing two buildings of Centerpoint, owned by GTC and located in the heart of the largest office district in Budapest, are set to undergo a massive technical refurbishment which is to be completed next year. 
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News GTC promotes Ziv Gigi to Executive Director for SEE
29
Nov
2022

GTC promotes Ziv Gigi to Executive Director for SEE

by Property Forum
GTC announced that Ziv Gigi has been promoted to Executive Director for the Southeast Europe region. In his new role, he will be responsible for all operations of the office sector in Bulgaria, Romania, Serbia and Croatia. He will be in charge of executing the company's strategy and development plan, as well as all of its operational activities, including leasing and asset management. Ziv Gigi’s promotion is part of the company’s greater transformation to strengthen its country leadership to be more responsive to opportunities and challenges in local markets.
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News GTC hands over new office building in Belgrade
21
Nov
2022

GTC hands over new office building in Belgrade

by Property Forum
GTC Group, present in Serbia for the past 20 years, has opened its newest office building in Belgrade. GTC X brings to the market 17,700 sqm of first-class office space in Block 41, located along Milutin Milanković Boulevard in New Belgrade. 
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News GTC presents strong Q1-Q3 2022 financial results
17
Nov
2022

GTC presents strong Q1-Q3 2022 financial results

by Property Forum
Rent indexation shall provide for further FFO increase, while low interest cost and improved maturity profile offer downside protection, says GTC. 
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Latest news


New leases

  • Another brand from the CCC Group portfolio has joined the tenants of Galeria Sudecka in Jelenia Góra. The new CCC store will occupy 725 sqm of space. Customers can also do their shopping at the new Rossmann drugstore (450 sqm).
  • The EPP-owned Galaxy shopping centre in Szczecin is strengthening its offer by developing its partnership with HalfPrice. The relaunched showroom now has a wider assortment and larger floor space - about 3,200 sqm.
  • Homepark Janki is expanding its offer with a new shop selling electric bikes by Engwe. The brand's first Polish showroom has taken up an area of 108 sqm.

New appointments

  • Karol Czupryński has joined the management board of Empik. He will take the position of Chief Commercial Officer. Czupryński has previously worked at Allegro, Procter & Gamble and Boston Consulting Group, among others.
  • Marcin Grabara officially takes over the reins at Rossmann SDP sp z.o.o. from 24 May. He will replace Marek Maruszak as president, who is retiring after 24 years with the company.
  • CPI Property Group, is expanding the Warsaw structures of its Leasing Office department. Maciej Skubiszewski has been named the new Senior Leasing Manager. he will be responsible for the implementation of the leasing strategy as well as the commercialization and re-commercialization of space in office buildings in CPIPG's portfolio - Central Tower, Concept Tower and Chałubińskiego 8 (CH8).


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