GTC wins Euromoney ranking for the third time

• GTC has won prestigious awards from Euromoney magazine

• The company was recognised as the best real estate developer in Poland and all of Central & Eastern Europe

Globe Trade Centre S.A. (GTC) has received honours in the 2010 Real Estate Awards given on the basis of surveys conducted among specialists in the real estate industry all over the world. This is the third time in the history of GTC that it has received a distinction from readers of Euromoney magazine.

This is the 6th time that awards have been given out by Euromoney, a publication with over 15,000 subscribers who are specialists in the real estate market. In 2010 GTC has been recognised in the category of “Best Developer in Central & Eastern Europe,” as well as “Best Developer in Poland.”

The ranking by Euromoney is conducted in over 50 countries around the world, reflecting the opinions of developers as well as users of their projects, financial advisers, analysts and investors.

“We look at the Euromoney awards as recognition from our partners and customers as well as the industry as a whole,” Eli Alroy, Chairman of the Supervisory Board of GTC S.A., said after the awards were announced. “Awards like this confirm GTC’s strong market position, based on many years of experience and a portfolio of high-quality developments and sites in attractive locations. It is also proof that we have an exceptional staff of specialists.”

Nominations of companies for this year’s Euromoney ranking were held in April and May. This is GTC’s third time to win the awards. It won before in 2007 and 2008.

GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.

GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

Galeria Harfa opening soon

• GTC will open Galeria Harfa in Prague this November

• More than 90% of retail space at Galeria Harfa is already let

• The project is attracting top international and local brands

November 2010 will mark the opening of Galeria Harfa, a modern mixed-use shopping mall and office complex being developed by GTC in Prague. The total lease area at Galeria Harfa will be over 69,000 sq m. It is the largest investment of this type currently underway in the Czech capital. Construction began in June 2009.

Galeria Harfa will offer 49,000 sq m of retail and entertainment space, on three levels, as well as 20,000 sq m of Class A office premises located in two, ten-storey towers. More than 90% of the rentable area in the shopping mall section has already been let.

„Galeria Harfa is an exceptional development” – Tamir Winterstein, CEO at Lighthouse Group associated with GTC S.A. and responsible for the execution of the project, said. “It will become not only the place to go shopping, but also a place where one can be in touch with the world of sport and its attributes, and where people come with their families to relax, to be entertained and to meet their friends. Galeria Harfa is the only shopping and entertainment center to be opened in Prague in the next 2 years” – he added.

Galeria Harfa will feature over 180 shops, service points, cafés and restaurants. Sports enthusiasts will find a luxury Pure Fitness club and a swimming pool. A dinosaur park will be opened for children. All visitors to the centre will be able to enjoy an impressive 9,500 sq m terrace roof garden with playground, ice ring, water features and multi-media attractions. Visitors who arrive by car will be able to park in one of the 1,600 parking spaces in a two-storey underground garage.

Major tenants at Galeria Harfa are: Supermarket Interspar (over 4,800 sq m of rental area), Pure Fitness (1,900 sq m), sport equipment shops Interport (1,200 sq m) and A3 sport (540 sq m), Datart electronics shop (1,100 sq m), Euromedia bookstore (430 sq m), as well as clothes, shoes and accessories shops including: Marks & Spencer (2,100 sq m), Esprit (1,200 sq m), HM Studio (900 sq m), KappAhl (760 sq m), Jeans Club (730 sq m), Lindex (620 sq m), New Yorker (585 sq m), Humanic (530 sq m), Takko (490 sq m), Camaieu (350 sq m), CCC (320 sq m), Springfield (210 sq m) and Vero Moda (200 sq m). Cosmetics and perfumes will be offered by Rossmann (420 sq m) and Sephora (270 sq m). Major tenants at the entertainment part of Galeria Harfa include Dinopark (7,000 sq m), Sazka (1,000 sq m) and Kajot (750 sq m).

Galeria Harfa is located close to the very centre of Prague (a 10-minute drive), in the 9th District, on Českomoravská Street, right next to the Metro station (5 stops from the city centre). In the immediate vicinity is the O2 Arena, a multipurpose sports and entertainment venue with a capacity of 18,000 viewers, that hosts Prague’s largest cultural and athletic events, drawing 1.5 million visitors a year.

About a million people live in the catchment area for Galeria Harfa. Thanks to the excellent location and convenient transit connections to the rest of the city, Galeria Harfa will introduce to the Prague market an entirely new level of quality for shopping and entertainment.

Plans for the upcoming years call for expansion of the facility to include more office sections as well as a hotel and conference centre.

GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.

GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

Kazimierz Office Center honoured by specialists

• GTC’s office project in Cracow has received 2nd prize in the nationwide competition for “Construction of the Year 2009”

• The awards are given by the Polish Union of Construction Engineers & Technicians

• Kazimierz Office Center was delivered for occupancy in July 2009

Kazimierz Office Center in Cracow is the headquarters of two prestigious companies: State Street and Ernst & Young. The multi-stage “Construction of the Year” competition honours construction projects that feature the finest quality of construction as well as cutting-edge technology.

Kazimierz Office Center in Cracow was built on a site near the Vistula River, between Podgórska and Gęsia streets, directly adjacent to the Galeria Kazimierz shopping mall, also built by GTC. The five-storey building offers 12,600 sq m of top-quality office space, with an additional 2,600 sq m of retail and service space on the ground floor. A two-level underground parking garage was built for users of the building, with space for over 200 cars.

Kazimierz Office Center is equipped with a state-of-the-art building management system, telecom systems, and professional security. The interiors feature full air conditioning, soundproof suspended ceilings, and tilt windows.

The architectural design of Kazimierz Office Center was created by the Cracow architectural studio IMB Asymetria. The body of the building fits in splendidly with the neighbouring Galeria Kazimierz while making maximum use of the available area of the site. The glass façade provides a steady source of natural daylight and direct contact with the attractive surroundings.

The general contractor for Kazimierz Office Center was Budus.

In this year’s edition of the “Construction of the Year” competition, a total of 78 projects carried out all over Poland were recognised in 8 different categories. In addition to construction and functional solutions, the contest judges paid attention to safety, working conditions, and the organisation of the building site during construction. The judges also considered the effect that the project has on the environment and economy of the region.

The Polish Ministry of Infrastructure and the General Office of Building Control also participated in organising the competition.

GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.

GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

Cornerstone placed at Platinium Business Park IV

• Project completion scheduled for end of May 2011

• 13,000 sq m available office space in building leased to Aviva Group

The ceremonial laying of the cornerstone for construction of the fourth building at Platinium Business Park in Warsaw was held on 2 September 2010. A large number of distinguished guests participated in the ceremony: GTC’s partners in carrying out the project, local authorities from the Mokotów district, and the Aviva Group, anchor tenant for the building now under construction.

The cornerstone dedication for Platinium Business Park IV was signed by Piotr Kroenke, General Manager of GTC S.A, Maciej Raś, Chairman of the Mokotów District Council, Włodzimierz Włodarczyk, CEO of Warbud S.A., the general contractor for the project, Mikołaj Kadłubowski, CEO of architectural studio Grupa 5 Architekci, and Robert Karczewski, Business Development Director of Hill International Sp. z o.o. The cornerstone dedication was then sealed in a capsule and, with the help of a crane, installed in the building’s foundation.

Groundwork on the construction site for the fourth building in Platinium Business Park began in May of this year. The building has already been let in its entirety (13,000 sq m) to the Aviva Group (formerly Commercial Union). It is one of the largest leases ever in the office buildings being built in the former industrial neighbourhood of Służewiec Przemysłowy.

“Mokotów and Służewiec Przemysłowy are a special place for GTC,” Piotr Kroenke, General Manager of GTC S.A., said at the ceremony. “It is here, nearly 15 years ago, that we began our presence in Poland, setting the new trends in the real estate market from the very start. Platinium Business Park is a crowning achievement of our knowhow and experience in creating state-of-the-art office space for the most demanding tenants.”

Since 2007 Platinium Business Park has been one of the most popular office locations in Warsaw. The three buildings completed so far have been almost completely let, with prominent Polish and international companies as tenants. Platinium Business Park is distinguished by its high-profile architecture, state-of-the-art technology and high standard of finishing. Working conditions for occupants of the buildings are also improved by the pleasant surroundings. A harmonious combination of water and green areas provides a calming effect and helps foster positive interpersonal relations. As a whole, the development offers a unique, inspiring and creative workspace.

The Platinium Business Park IV building will be delivered for occupancy by 30 May 2011.

GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.

GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

GTC finalises sale agreement of two office buildings in Poland

• GTC has signed agreement to sell Nefryt and Topaz buildings in Warsaw

• The transaction values the assets at EUR 79m, reflecting an average yield of 7.2%

• The sale will generate about EUR 21m of free cash flow for GTC

Globe Trade Centre S.A. (GTC S.A.) has finalised the sale agreement of two of its Class A office buildings in Warsaw: Nefryt and Topaz. The assets were purchased by a fund managed by RREEF Investment.

“This transaction is the first asset disposal for GTC since September 2007,” said Eli Alroy, Chairman of the GTC Supervisory Board. “We believe that the real estate investment market will continue to improve, which may encourage us to proceed with recycling of capital, as in the past GTC used to sell one or two assets per year.”

Nefryt and Topaz are prime office buildings located in the heart of Mokotów, the largest business district in Poland, next to the Galeria Mokotów shopping mall. The Topaz and Nefryt buildings has a total combined area of approx 27,000 sqm. The tenant list includes such renowned firms as Roche, Allianz, Cisco Systems, Motorola, Honeywell and Noble Bank.

The transaction provides for the buyer to purchase the assets based on a valuation of about EUR 79m. The final closing is subject to certain administrative decisions.

Upon selling the two buildings, GTC’s net cash position will increase by about EUR 21m.

“The pricing of the transaction reflects the yield compression trend that started early this year,” said Erez Boniel, GTC CFO and Management Board member. “Lower investment yields should have a positive impact on the valuation of GTC’s office portfolio in Warsaw. The cash proceeds from the transaction will further strengthen GTC’s financial capacity to capture new opportunities on the market.”

In Q3 2010 GTC is delivering office buildings at University Business Park in Łódź and at Francuska Office Centre in Katowice.

In July 2010 GTC pre-let the entire fourth building at Platinium Business Park in Warsaw (a 13,000 sqm NRA building) to Aviva Group, for delivery in mid-2011. The start of construction of the fifth building in the complex is to begin in Q3 2010.

GTC also plans to commence construction of Corius, the third building at Okęcie Business Park, adjacent to the Warsaw Chopin Airport.

GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC develops projects and manages completed properties in three key sectors of real estate: office buildings and parks, retail and entertainment centers and residential sector.

GTC has developed about 750 000 sqm of net space and currently is the owner of completed commercial property with a combined net area of about 455 000 sqm. GTC also holds an impressive portfolio of investment at various stages of development which will facilitate the construction of 1.8 million sqm of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s assets are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index which comprises the 250 biggest and most liquid real estate companies of the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.