ARTICLES LABELLED WITH TAG GTC

News GTC records €15 million profit despite rental revenue decrease
13
May
2021

GTC records €15 million profit despite rental revenue decrease

by Property Forum
GTC’s rental and service revenues decreased by €3.8 million to €37 million in Q1 2021 from €41 million in Q1 2020. Profit before tax and fair value adjustments for Q1 2021 reached €15 million, up from €13 million in Q1 2020. The company published its financial results for Q1 2021.
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News GTC buys two office buildings in Budapest for €160 million
28
Apr
2021

GTC buys two office buildings in Budapest for €160 million

by Property Forum
GTC has decided to boost its Hungarian portfolio again by investing €160 million in the acquisition of two office properties in Budapest, the Ericsson HQ and the Siemens Evosoft HQ, both developed by local company Wing.
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News GTC’s Belgrade buildings gets LEED certified
12
Apr
2021

GTC’s Belgrade buildings gets LEED certified

by Property Forum
In February 2021, the N3 building of GTC’s Green Heart office complex in Belgrade has obtained a LEED Gold certificate, thus finalising the certification process for the whole complex. Completed in 2020, Green Heart comprises five Class A buildings providing 46,300 sqm of office space.
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News GTC names Ziv Gigi as Managing Director in Romania
01
Apr
2021

GTC names Ziv Gigi as Managing Director in Romania

by Property Forum
Real estate investor and developer GTC has appointed Ziv Gigi as Managing Director of operations in Romania. He has more than 15 years of experience in Central and Eastern Europe-based real estate markets, developing and operating dozens of projects in the office and retail segments.  
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News GTC records €66 million operating profit in 2020
23
Mar
2021

GTC records €66 million operating profit in 2020

by Property Forum
At the end of 2020, GTC’s property portfolio reached €2.1 billion while total revenues were at €160 million. Profit before tax and fair value adjustments reached €66 million in 2020, down from €73 million in 2019. Occupancy across the whole portfolio was steady at 91% despite a very challenging environment. GTC presented its 2020 financial results.
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News GTC acquires Budapest office building
22
Mar
2021

GTC acquires Budapest office building

by Property Forum
GTC has decided to extend its Hungarian portfolio with the Váci Greens D office building in Budapest. The transaction is partially financed from the green bonds issued in 2020 and is in line with the Group strategy to invest in a sustainable portfolio of commercial buildings located in the CEE capitals.
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News All GTC buildings in Poland now with green certificates
15
Feb
2021

All GTC buildings in Poland now with green certificates

by Property Forum
GTC has been awarded the Very Good BREEAM certificate for one of its Warsaw assets, the Artico office building. Thus, the company has successfully completed the green adaptation process for all its Polish commercial assets.
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News With the vaccine, comfort will come back to the market
07
Dec
2020

With the vaccine, comfort will come back to the market

by Michał Poręcki
Top Polish developers believe that in 2021 the real estate market will normalize and the vaccine will help it shake off the pandemic effects. They discussed investment markets trends at the online edition of Property Investment Forum 2020, organised by Portfolio in partnership with Property Forum.
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News GTC issues €110 million of green bonds in Hungary
07
Dec
2020

GTC issues €110 million of green bonds in Hungary

by Property Forum
On 3 December 2020, GTC’s subsidiary, GTC Real Estate Development Hungary Zrt., issued 792 pieces of senior unsecured bonds, with the nominal value of HUF 50 million each and the total value of HUF 39.6 billion (approximately €110 million). The bonds will be fully guaranteed by GTC S.A.
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News GTC looks for new investment opportunities despite COVID-19’s impacts
02
Dec
2020

GTC looks for new investment opportunities despite COVID-19’s impacts

by Gergely Ditróy
After the first wave of the pandemic, continuous communication with tenants has proven to be more important than ever and helped landlords reach solutions in this difficult and unpredictable situation. Yovav Carmi, President of GTC Group’s Management Board and Robert Snow, Member of GTC Group’s Management Board and Chairman of GTC Hungary talked to us about COVID-19’s potential implications for the commercial real estate market and shared their expectations for the future.
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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