New lease agreements at University Business Park in Łódź, Poland

Lease agreements with Aegon and Impel Catering are the most recent contracts at the Łódź University Business Park office building; built, managed and owned by GTC. Impel Catering Company, a part of the Impel Group company, listed on the Warsaw Stock Exchange, has decided to lease 353 square meters designated for catering business for the next seven years, until December 2020.

 

Consecutively, Aegon Services, which supports and coordinates Aegon’s insurance sales network in Poland, decided to extend its existing lease. The new agreement is signed for three years.

 

„It makes us proud to see that Łódź’s University Business Park is filling up with new tenants, and our existing partners are extending their lease agreements. GTC position on commercial real estate market, both Poland-wide and in Łódź area is growing constantly. We are very pleased with the trust that our customers put in us” – said Agnieszka Ciupak, Leasing Manager at GTC.

Completed in 2010, University Business Park, is a modern A-class office building. It offers a total of 18.500 square meters of lease space. Besides Aegon and Impel Catering, the seven-floor office building is home to companies including Samsung Electronics Poland, Accenture, Mobica and PKP Informatyka. University Business Park’s attractive location in Łódź city centre close to Wólczańska 178 street, University of Łódź, Manufaktura shopping and entertainment centre as well as Atlas Arena, contributes to high University Business Park’s high popularity with tenants.

 

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GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in Central, Eastern and Southern Europe. The company was established in 1994 in Warsaw, Poland. Currently GTC 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 centres and residential. To date, GTC has developed approximately 950,000 sq m of net commercial and 300,000 sq m of residential spaces. The company currently manages a combined 602,000 net sq m of completed and operational commercial space (of which the Group’s proportional interest amounts to 548,000 sq m). GTC also holds an impressive portfolio of investment projects at various stages of development. Those will facilitate the construction of 1.1 million sq m of commercial space and 615,000 sq m of residential space. GTC S.A.’s total assets exceed EUR 1.9 billion. GTC S.A. is listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international Dow Jones STOXX Eastern Europe 300 and the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. Also, GTC S.A. is listed on the FTSE EPRA/NAREIT Emerging Index. GTC S.A.’s shareholders include many of the biggest Polish and international institutional investors.

Pascal office building to be completed in April 2014

„Pascal, which offers 5,500 square meters of modern office space in a great location, is a vital part of highly valued and esteemed Korona Office Complex. Without a doubt, Pascal is a building for the most demanding tenants. It is a modern building, which also offers very intimate atmosphere to its tenants, lacking in other such large office buildings. We strongly believe that both IBM, which will move into the building in April, and other tenants will appreciate the quality and functionality of offered offices” – said Jacek Wachowicz Leasing and Sales Director and Member of the GTC’s Management Board.

 

Pascal office building is the culmination of GTC’s flagship project in Krakow – the Korona Office Complex. The building offers 5,500 square meters of modern office space located on seven floors, providing its users with the ultimate work comfort and convenience. Large office space allows unlimited interior arrangement, accommodating every need of the prospective tenants. Its excellent location, in the city centre, close to the: Armii Krajowej, Przybyszewskiego, Juliusza Lea and Kołowa streets, enables quick and easy connection to the strategic points of Krakow. Pascal’s design reflects direct needs of the future tenants, latest technologies were applied during the design phase of the building and highest quality materials were used during the construction process, which will not only make Pascal cost-effective to operate, but also environmentally friendly. Renowned architect bureau DDJM from Krakow was responsible for the Pascal’s design, while the leading construction company, Warbud, conducted the construction process. CBRE,
an international consulting company,  is the  exclusive leasing agent  for the building.

 

„We are delighted that once again we were able to cooperate with GTC on its newest project in Krakow. Pascal, is an ideal investment for companies, that value amenities of a business park, but also appreciate intimacy of office space they lease – said Lukasz Kaledkiewicz, Head of the office space department at CBRE.

 

Pascal is the fourth building of the highly valued and prestigious Korona Office Complex. The office complex also include Newton, Edison and Galileo buildings, which together with Pascal offer nearly 37,000 square meters of floor space and their benefits are enjoyed by tenants such as IBM, Genpack, Hitachi, Deloitte, KPMG and State Street.

 

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GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in Central, Eastern and Southern Europe. The company was established in 1994 in Warsaw, Poland. Currently GTC 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 centres and residential. To date, GTC has developed approximately 950,000 sq m of net commercial and 300,000 sq m of residential spaces. The company currently manages a combined 602,000 net sq m of completed and operational commercial space (of which the Group’s proportional interest amounts to 548,000 sq m). GTC also holds an impressive portfolio of investment projects at various stages of development. Those will facilitate the construction of 1.1 million sq m of commercial space and 615,000 sq m of residential space. GTC S.A.’s total assets exceed EUR 1.9 billion. GTC S.A. is listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international Dow Jones STOXX Eastern Europe 300 and the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. Also, GTC S.A. is listed on the FTSE EPRA/NAREIT Emerging Index. GTC S.A.’s shareholders include many of the biggest Polish and international institutional investors.

First tenant in Pascal office building

IBM is the global leader in solutions for business services and advanced informatics technologies including computer systems, software, network systems, storage devices and microelectronics. IBM BTO Business Consulting Services will lease more than 1,700 square meters of office space in Pascal building, bringing its office lease in the Korona Office Complex up to 15.000 square meters.

 

„Pascal is the fourth building of the Korona Office Complex, which assets and values are appreciated by its renowned tenants for many years now.” – saidKatarzyna Pankiewicz, Leasing Director at GTC. „I am more than pleased, that such a demanding tenant as IBM decided to lease additional office space in our office complex. Number of international companies are interested in the office space at this particular location, therefore, I hope that we will be able to announce further lease agreements in the near future.”- added Katarzyna Pankiewicz.

 

Pascal building is the culmination of GTC’s flagship project in Krakow– the Korona Office Complex. Pascal has 5,500 square meters of modern office space located on seven floors, providing its users with the ultimate work comfort and convenience. Its excellent location, in the city centre, close to the: Armii Krajowej, Przybyszewskiego, Juliusza Lea and Kolowa streets, enables quick and easy connection to the strategic points of Krakow either by public transport or by car.

 

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GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in Central, Eastern and Southern Europe. The company was established in 1994 in Warsaw, Poland. Currently GTC 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 centres and residential. To date, GTC has developed approximately 950,000 sq m of net commercial and 300,000 sq m of residential spaces. The company currently manages a combined 602,000 net sq m of completed and operational commercial space (of which the Group’s proportional interest amounts to 548,000 sq m). GTC also holds an impressive portfolio of investment projects at various stages of development. Those will facilitate the construction of 1.1 million sq m of commercial space and 615,000 sq m of residential space. GTC S.A.’s total assets exceed EUR 1.9 billion. GTC S.A. is listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international Dow Jones STOXX Eastern Europe 300 and the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. Also, GTCS.A. is listed on the FTSE EPRA/NAREIT Emerging Index. GTC S.A.’s shareholders include many of the biggest Polish and international institutional investors.

GTC sells its 50% stake in Galeria Kazimierz for approximately 90 million euro

Globe Trade Centre S.A. (GTC), the leading developer of commercial real estate in Central, Eastern and Southern Europe, has announced the signing of preliminary sale agreement with Nellia Sp. z o.o., part of the Invesco Group, regarding terms of sale of Galeria Kazimierz shopping mall located in Krakow, Poland.

GTC’s decision to sell its stake in Galeria Kazimierz is in line with the Company’s strategy to sell mature assets, as well as in accordance with the Company’s plan to generate net cash from disposal of assets, as announced last year. The transaction price of 180 million euro for the 100% stake in Galeria Kazimierz reflects the demand for such prime asset. Finalization of the transaction is subject to regulatory and other customary conditions precedent.

“Every investment we decide to sell, immediately finds renowned buyers. It is a proof that GTC is a company which develops top quality shopping malls” – saidAlain Ickovics, President of Management Board of GTC. “The decision to dispose Galeria Kazimierz is also in line with our policy to refresh the company’s portfolio by selling regional maturing assets and replacing them with new development that offers attractive return” – he added.

By concluding negotiations to sell the asset, GTC and its partner Avestus will dispose 100% of Galeria Kazimierz. Upon fulfillment of standard conditions precedent and signing the final sale deed, the transaction will generate approximately 50 million euro of net cash for GTC.

Galeria Kazimierz shopping mall, located in historic centre of Krakow at Podgorska street, is one of the most popular shopping centers in city metropolitan area. The mall offers almost 40.000 square meters of leasable area. Galeria Kazimierz tenants include companies such as Cinema City, Alma, EMPiK and Reserved.
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GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in Central, Eastern and Southern Europe. The company was established in 1994 in Warsaw, Poland. Currently GTC 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 centres and residential. To date, GTC has developed approximately 950,000 sq m of net commercial and 300,000 sq m of residential spaces. The company currently manages a combined 602,000 net sq m of completed and operational commercial space (of which the Group’s proportional interest amounts to 548 thousand sq m). GTC also holds an impressive portfolio of investment projects at various stages of development. Those will facilitate the construction of 1.1 million sq m of commercial space and 615,000 sq m of residential space. GTC S.A.’s total assets exceed EUR 1,9 billion. GTC S.A. is listed on the Warsaw Stock Exchange on the prestigious WIG20 and WIG30 indexes. The company’s shares are also included in the international Dow Jones STOXX Eastern Europe 300 and the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. Also, GTCS.A. is listed on the FTSE EPRA/NAREIT Emerging Index. GTC S.A.’s shareholders include many of the biggest Polish and international institutional investors.