ARTICLES LABELLED WITH TAG GTC

News GTC appoints new President of the Management Board
21
Sep
2020

GTC appoints new President of the Management Board

by Property Forum
GTC Supervisory Board has appointed Mr. Yovav Carmi to the position of the President of the Management Board of GTC.
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News GTC appoints new Country Manager for Poland
27
Aug
2020

GTC appoints new Country Manager for Poland

by Property Forum
GTC has appointed Grzegorz Strutyński to the position of Country Manager Poland. He will be responsible for all activities taken by the company in Poland.
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News GTC reports rental revenue loss due to COVID-19
19
Aug
2020

GTC reports rental revenue loss due to COVID-19

by Property Forum
GTC’s rental and service revenues decreased by €3 million to €79 million in H1 2020. The decrease mainly resulted from a decrease in income of approximately €8 million due to rent relief imposed by governments during the lockdown of shopping malls and rent concessions and discounts provided by the Group to the retail tenants across the portfolio due to the COVID-19 outbreak combined with a decrease on rental revenues following the sale of GTC White House in the third quarter of 2019 and Neptun Office Center in the fourth quarter of 2019 of €3 million. The decrease was partially offset by an increase in the rental revenues due to completion of Ada Mall, Green Heart, ABC I and Matrix A.
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News GTC summarises impacts of COVID-19 measures
30
Jul
2020

GTC summarises impacts of COVID-19 measures

by Property Forum
GTC’s rental income suffered a €2 million decrease due to rent and service charge relief imposed by governments during the lockdown of shopping malls. Still, total rental and service charge revenues increased to €41 million in Q1 2020 from €39 million in Q1 2019. GTC presented its financial results at the end of Q1 2020.
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News GTC secures new tenant for Sofia office project
10
Jun
2020

GTC secures new tenant for Sofia office project

by Property Forum
GTC Bulgaria has informed that the varied tenant portfolio of Advance Business Center II will be enriched by Commerzbank. One of the largest German banks will lease over 3,500 sqm GLA of office space starting 1st December 2020. The pre-leasing agreement was consulted by CBRE. Advance Business Center II is under construction phase and due for delivery in Q4 2020.
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News Hungary’s Optima receives green light for GTC acquisition
29
May
2020

Hungary’s Optima receives green light for GTC acquisition

by Property Forum
The competition authorities of Poland, Hungary and Serbia have all granted consent for Optimum Ventures Private Equity Fund’s takeover of a majority shareholding (61.49%) in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.
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News Hungary’s Optima buys controlling interest in GTC
06
Apr
2020

Hungary’s Optima buys controlling interest in GTC

by Property Forum
Optimum Ventures Private Equity Fund (owned by Optima, the fund manager of the National Bank of Hungary's foundations) and an affiliate of Lone Star Funds (an American private equity firm) have entered into a conditional share purchase agreement, pursuant to which Optima will acquire a majority shareholding (61.49%) in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.
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News GTC secures refinancing for Silesian shopping centre
14
Feb
2020

GTC secures refinancing for Silesian shopping centre

by Property Forum
GTC signed a €130 million refinancing loan agreement for one of the largest assets in its portfolio, Galeria Jurajska. Located in Częstochowa, the 48,700 sqm shopping centre offers over 200 stores, service points, restaurants and a multi-screen cinema.
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News GTC sells Gdańsk office building
11
Dec
2019

GTC sells Gdańsk office building

by Property Forum
GTC has closed the sale of the 16,100 sqm Neptun Office Center in Gdańsk to buyer CBRE Global Investors. The Class A office building is located in Gdańsk Wrzeszcz, at Aleja Grunwaldzka. Completed in 2014, Neptun Office Center offers 16,100 sqm of modern office space and 160 parking spaces.
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News GTC plans new office project in Katowice
10
Dec
2019

GTC plans new office project in Katowice

by Property Forum
GTC has just obtained a building permit for a new office project in Katowice. Once finished, the Class A building will offer 18,315 sqm of state-of-the-art office space over 5 floors in the heart of Katowice. The building, inspired by Katowice’s modernist architecture, is designed by JEMS Architects.
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Latest news


New leases

  • Cushman & Wakefield brokered the lease of a prominent four-storey unit of 5,500 sqm retail area in Prague on Wenceslas Square to HalfPrice, a Polish off-price brand retailer, part of the CCC Group. HalfPrice's flagship store in Prague will be the company's largest store in the world.
  • The global healthcare company, Falck, has chosen the Skyliner in Warsaw, owned by the Karimpol Group as its new office for their IT department in Poland. It will occupy nearly 1,500 sqm of space.
  • A new tenant has moved into Kraków's V.Offices office building. Imperial Brands Services has signed a lease for nearly 1,600 sqm of space. The building's owner, AFI Europe, was represented in the transaction by experts from Knight Frank, while the tenant was represented by the CBRE agency.

New appointments

  • In September, Michal Berski took up the position of head of the warehouse sector at CBRE Poland. He has been with the company for over 10 years. In his new role, he manages strategy and the development of all business lines within the warehouse and industrial sector.
  • Slawomir Czarnecki is the new president of Grupa Muszkieterów and ITM Poland. He has replaced David de Bosschère. The new CEO is the owner of the Bricomarché shop in Świecie and has many years of experience in trade, as well as in the Group's internal structures.
  • LCP Properties, a developer in the Polish retail park market, is continuing to strengthen its organisational structure. Andrzej Plit has been appointed as the new Finance Director. Meanwhile, for the LCP-owned EMKA shopping centre in Koszalin, Daria Kokowska became the new Shopping Center Director.

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