ARTICLES LABELLED WITH TAG GTC

News GTC records slight rental revenue loss due to COVID-19
24
Nov
2020

GTC records slight rental revenue loss due to COVID-19

by Property Forum
GTC’s profit before tax and fair value adjustments increased to €21 million in Q3 2020 from €15 million in Q3 2019. For the January-September period, 2020’s results were slightly weaker at €52 million compared to the previous year’s €53 million.
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News GTC plans green bonds issuance in Hungary
12
Nov
2020

GTC plans green bonds issuance in Hungary

by Property Forum
A German rating agency Scope Ratings has assigned a first-time issuer rating of BBB-/Stable to Globe Trade Centre S.A. and its subsidiary GTC Real Estate Development Hungary Zrt. GTC Group also announces green bonds issuance within the framework of the Bond Funding for Growth Scheme launched by the National Bank of Hungary. The senior unsecured debt rating is BBB-. The outlook on the ratings is stable.
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News GTC completes sale of Budapest office building
09
Nov
2020

GTC completes sale of Budapest office building

by Property Forum
GTC has sold Spiral, a Class A office building located in Budapest, Hungary. The sale will generate €41 million of free cash.
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News Two GTC buildings in Zagreb get certified
21
Oct
2020

Two GTC buildings in Zagreb get certified

by Property Forum
GTC has expanded its portfolio of green projects. The Matrix A and Matrix B office buildings in Zagreb have both been granted LEED Platinum certifications. Thus, 80% of all GTC’s office properties now bear an eco-friendly label. 
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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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Latest news


New leases

  • Private Label Tissue has increased its lease by a further 9,500 sqm of warehouse and social and office space at the Hillwood Rawa Mazowiecka logistics centre. The space currently occupied by the company amounts to nearly 30,000 sqm.
  • A new tenant of the DOT Park office complex in Kraków is Webcon, a provider of business process automation systems and low-code technology in Poland. The company has leased 1,615 sqm of office space.
  • Primak will open in August a store spanning 3,200 sqm in Iulius Town Timișoara. This will be the first Primark store based outside Bucharest.

New appointments

  • Bartosz Guss will take up the post of General Director of the Polish Association of Developers from 1st of July. He is a local government officer who has been involved in real estate and cooperated with business for more than 20 years.
  • Ewelina Ostaszewska has joined the Greenfields - Real Estate team. The expert has joined the ranks of the Land Property Department - Living sector.
  • Angelika Kliś has resigned from her position as a member of Atal's management board, the company announced in a press release. The reason for the resignation was not given.

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