Sale of Platinium Business Park V completed according to plan

The companies finalized the sale of the Platinium I-IV buildings in October 2012. Following the successful completion and leasing of Platinum V, the final agreement regarding the sale of the fifth building was signed on 28 February 2013.

The final price of five buildings inPlatiniumBusinessParkis EUR 173m and reflects the investment yield of 6.7%. The transaction generated GTC approx. EUR 60m of free cash of which approx. EUR 16m results from the sale of the fifth building.

Platinium Business Park stands out for its award-winning architectural design (including LEED® Gold for Core and Shell certificate), technical specifications, as well as quality of it tenants. The complex is located at the intersection of Domaniewska and Wołoska streets in Warsaw, and consists of five completed buildings, nearly 100% let, with a total rentable area of aprox. 56,000 sq m.  Regardless of the transaction, GTC may develop on this site another building consisting of approx. 13,000 sqm.