H&M to open in Galeria Wilanów

Globe Trade Centre S.A. (GTC) further fills in its newest retail project with anchor tenants. Recently, the company has signed a lease agreement with H&M, a global clothing retailer, for 2,600 sq m of retail space in Galeria Wilanów in Warsaw, Poland.

H&M is a Swedish clothing company and the second largest global clothing retailer.

“H&M is yet another key client that decided to open its shops in one of our flagship projects in Warsaw. The trust that international business leaders place in us is the proof of not only the highest quality of buildings built by GTC, but, even more so, of the quality of locations that we have chosen for both shopping malls. At GTC we are thrilled to welcome H&M as one of the finest additions to Galeria Wilanów.” – said Jacek Wachowicz, member of GTC Management Board.

“We are excited that H&M, one of leading international fashion retailers, will become a part of Galeria Wilanów. We see great synergy between the innovative approach of our brand and the Gallery, which follows the latest trends in architecture, sustainability, merchandise and tenant mix.” – said Anna Wysocka, Head of Retail Agency JLL, the leasing agent of the project.

H&M joins the growing group of key tenants. During the last few days the developer announced signing of lease agreements for its shopping malls with two other prominent tenants: hypermarket operator Carrefour and LPP Group, one of the fastest growing fashion retailers in Europe.

Galeria Wilanów is currently at the final stage of formal and legal activities preceding commencement of construction works. Construction works will initiate as soon as the building permit is issued and will last for approx. 20-24 months.

Galeria Wilanów will offer its tenants over 61,000 sq m in approx. 250 stores and service points. Designed by renowned APA Wojciechowski and Moshe Tzur architecture studios, the mall will apply the unique solutions and guarantee environmental friendliness of the investment, which has been already confirmed by the ecological LEED certificate awarded to the project. In addition to the retail offer, gardens and restaurants will be placed in the surroundings of the project and on its roof, offering unique ambience and shopping experience to the clients. The agent exclusively responsible for leasing the scheme is JLL.

 

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The GTC Group, established in 1994, is one of the leading commercial real estate companies in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and Czech Republic.

GTC develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 47 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.

GTC S.A. is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.
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H&M Hennes & Mauritz AB was founded in Sweden in 1947 and is traded on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the Group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home. The H&M Group has more than 3,300 stores in 54 markets. In 2013, sales including VAT were approximately SEK 150 billion. The number of employees amounts to more than 116,000. For further information, visit hm.com.
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JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, JLL operates in 75 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of over 280 million square metres worldwide and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48 billion of real estate assets under management. For further information, please visit www.jll.pl.

Galeria Wilanów and Galeria Północna with all LPP Group’s brands

Globe Trade Centre S.A. has finalized lease contracts with a leading fashion anchor tenant for both Galeria Wilanów and Galeria Północna, which will be shortly developed in Warsaw. LPP Group, one of the world’s fastest growing fashion companies, will lease all together over 9,350 sq m of retail space in GTC projects.

 

Both Galeria Wilanów, located in the south of Warsaw and Galeria Północna in Warsaw’s northern Białołęka district, will feature the whole range of LPP’s clothing brands: House, Mohito, CroppTown and Sinsay, as well as Home&You, a popular interior decoration and home accessory chain. LPP decided to open a flagship Reserved store with more than 2,100 sq m of retail space in each of the malls.

All the LPP’s shops located in Galeria Wilanów will amount to 4,680 sq m and those located in Galeria Północna will total 4,670 sq m.

„We are extremely satisfied with signing lease contracts with an anchor tenant of this standing. Both GTC projects enjoy a fast growing interest which proves the strength of the Warsaw retail market as well as the quality of both GTC new projects in a number of aspects, from their unique location, architecture and interior design to the leasing concept.” – said Jacek Wachowicz, GTC’s Board Member.

“By signing a contract for Galeria Północna and Galeria Wilanów, we build foundation for our business presence in areas that until now have not been present on Warsaw’s retail map. In that sense, the decision to join Galeria Północna and Galeria Wilanów was obvious. Moreover, the renowned GTC brand, which guarantees the highest quality of business relation on the market, only made the move easier.” – said Sławomir Łoboda, LPP’s Vice President.

Galeria Wilanów and Galeria Białołęka are currently at the final stages of legal activities preceding commencement of construction works. Construction works shall be initiated as soon as the building permit is issued and in both cases will take between 20 to 24 months.

Galeria Wilanów will offer its tenants over 61,000 sq m in ca. 250 stores and service points. Project prepared by the architects from renowned APA Wojciechowski and Moshe Tzur studios will apply the unique solutions and guarantee environmental friendliness of the investment, which has been already confirmed by the ecological LEED certificate awarded to the project. The agent responsible for leasing the scheme is JLL.

Galeria Północna, also designed by APA Wojciechowski and Moshe Tzur studios, will utilize its green roof with functions complementing the tenant mix of the mall. A glazed roof will allow daylight to create a friendly and natural atmosphere. Galeria Północna will offer its tenants approximately 64,000 sq m. Just as in the case of Galeria Wilanów, GTC expects to obtain LEED gold certification for Galeria Północna. The project is co-leased by JLL and DTZ.

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The GTC Group, established in 1994, is one of the leading commercial real estate companies in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and Czech Republic.

GTC develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 47 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.

GTC S.A. is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.

 

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LPP is one of the fastest growing clothing companies in Europe. It manages five fashion brands (Reserved, Mohito, Cropp, House, Sinsay) available in more than 1,500 stores and operates in Poland, Germany, Russia, Croatia,Bulgaria, Slovakia,Czech Republic, Latvia, Lithuania, Estonia, Romania, Hungary and Ukraine.

The company was established in 1995 in Gdańsk, the current location of its head office. Since 2001 it has been listed on the Warsaw Stock Exchange, this year it also became a part of the WIG 20 index, which generates significant part of the Warsaw Stock Exchange turnover.

 

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JLLis a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, JLL operates in 75 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of over 280 million square metres worldwide and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48 billion of real estate assets under management. For further information, please visit www.jll.pl.

 

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DTZ a global leader in real estate services. Company provides business, corporate / occupier and investor clients with comprehensive services including retail, office and industrial lease agency, integrated end-to-end service covering property and facility management, capital markets / investment consultancy, valuation, project and building consultancy. Additionally, through the best quality market research and consultancy services, DTZ provides clients with global and local market knowledge. By forecasting markets trend developments, DTZ provides best-in-class solutions and support to complex client needs. DTZ has 24,200 employees, operating across 209 offices in 52 countries. DTZ in Poland has approx. 250 employees. More information on www.dtz.com.

Galeria Północna and Galeria Wilanów anchored by Carrefour

Globe Trade Centre S.A. (GTC), has signed lease contracts with food anchor  tenant for its two flagship developments Galeria Północna and Galeria Wilanów in Warsaw, Poland. Carrefour will lease 9,300 sq m of retail space in Galeria Północna and 6,800 sq m in Galeria Wilanów.

Carrefour hypermarkets will provide a strong, modern and high quality food offering in both of GTC’s new Warsaw malls and will be a strong magnet for the malls’ customers. Today both locations lack such a full range of product hypermarkets and their opening will add to the convenience of everyday shopping for the inhabitants of Tarchomin and Białołęka districts as well as the inhabitants of Wilanów and its surroundings.

„We are very glad to be able to welcome Carrefour to our projects and to have them as one of our first signed anchor tenants. Choosing Carrefour, with its quality food offer, modern design and a recognised brand, fits very well into our concept of creating the most modern and attractive shopping centres in Warsaw. Moreover, we believe our partnership with Carrefour with large size operations in both malls, gives a strong message to the retail environment and is a proof of the potential and attractiveness of Galeria Wilanów and Galeria Północna. The centres’ offer combining a daily grocery and household offer with a broad selection of fashion retailers and complemented by a large service, leisure and entertainment component will create an exceptional offer for Warsaw’s customers.” – said Jacek Wachowicz, Management Board Member.

Both shopping centres, Galeria Wilanów and Galeria Północna, are in the final stages of legal preparations to start of construction works. The construction of the malls will begin immediately after obtaining the building permit and it will take from 20 to 24 months.

“By signing the contract with GTC, we secured Carrefour’s presence in two of the most attractive retail shopping locations not only in Warsaw, but also in Poland. Joining such key projects, which in our opinion will set new standards for shopping mall design and construction as well as shopping experience for years to come, is an outstandingly satisfying achievement for us” – commented Ronan Martin, Vice President Carrefour Polska.

Galeria Wilanów and Galeria Północna projects, designed by APA Wojciechowski and Moshe Tzur – internationally recognised architectural studios, will harness the most advanced environmental solutions and will guarantee environmental friendliness of their operations. Both projects have been awarded with the ecological LEED certificate.

The design of Galeria Wilanów opens the building to the outside and surrounding it with a green area, recreation areas and playgrounds. Galeria Wilanów will offer its tenants over 61,000 sq m in ca. 250 stores and service points.

Galeria Północna will utilize its roof with playgrounds and pathways meandering through grass fields. A glazed roof will allow daylight to create a friendly and natural atmosphere. Galeria Północna will offer its tenants approximately 64,000 sq m.

 

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The GTC Group, established in 1994, is one of the leading commercial real estate companies in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and Czech Republic.

GTC develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 43 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.

GTC S.A. is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.

Planned share issue will enable selected asset acquisitions in Poland and Central-Eastern Europe

Globe Trade Centre S.A. (“GTC”), one of the leading commercial real estate companies active in Central Eastern Europe, recommends to its shareholders to issue up to 140 million new shares. The raised capital is intended to be used to finance acquisitions of yielding properties, where GTC will unlock value added potential through its regional platform and asset management skills, as well as organic growth from selected development projects.

The CEE and SEE markets are now offering attractive investment opportunities arising from the high yield spread in a low interest rate environment allowing for accretive growth. Rents in many capital cities in the region are at their historical lows. The combination of these factors creates investment opportunities for GTC.

“GTC has completed its restructuring phase and achieved good and stable operating results. Now, GTC is in good shape to take advantage of the attractive investment opportunities that we have identified to stimulate company growth. The potential acquisitions, to be partially financed with the new capital, will enhance GTC’s investment portfolio, effectively creating shareholder value.” – said Thomas Kurzmann, GTC’s Chief Executive Officer.

Recently, GTC has carefully selected a number of potential acquisition targets that  meet its investment criteria. GTC aims to invest in yielding properties with value added potential which can be realised through its regional platform and asset management skills. Potential acquisition targets are located in Poland and capital cities in the CEE and SEE region. GTC plans to acquire assets predominantly in the office and retail sectors. These acquisitions and selected project developments, most importantly the two shopping malls in Warsaw, should allow GTC to boost its real estate portfolio and increase cash flow from operations.

“We see acquisition opportunities that can be translated into highly accretive growth at GTC. In order to take advantage of these opportunities GTC needs to raise equity. We believe the execution of our growth strategy will change GTC’s profile into a cash generating company in the mid-term.” – added Alexander Hesse, Chairman of GTC’s Supervisory Board.

The shareholders’ meeting that will decide on planned shares issue is scheduled for 13 October 2014.

 

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The GTC Group, established in 1994, is one of the leading commercial real estate company in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and the Czech Republic.

The GTC Group develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 43 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.

GTC is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.

Disclaimer:

Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Canada or Japan.

This document has been prepared by Globe Trade Centre S.A. (the “Company”), is for informational purposes only and under no circumstances shall constitute an offer or invitation to make an offer, or form the basis for a decision, to invest in the securities of the Company. This document does not constitute marketing or advertising material within the meaning of Article 53 of the Act on Public Offerings, the Conditions for Introducing Financial Instruments to an Organized Trading System, and Public Companies.

A decision as to whether to increase the share capital of the Company has not been made yet. The extraordinary general meeting of the shareholders of the Company, the agenda of which includes a resolution on the share capital increase, has been convened to be held on 13 October 2014 (the “EGM”). The announcement regarding the convocation of the EGM was published on 15 September 2014 by means of current report No. 26/2014. On the same date, the draft resolution of the EGM regarding the share capital increase was published on the Company’s website (www.gtc.com.pl). In case of the adoption by the EGM of the resolution on the share capital increase by way of the issuance of new shares (the “Shares”) in the Company subject to pre-emptive rights, the Company intends to file with the Polish Financial Supervision Authority (the “PFSA”) a motion for the approval of a prospectus (the “Prospectus”) which will be the sole legally binding document containing information about the Company and the offering of its Shares in Poland (the “Offering”). The Company will be authorized to carry out the Offering only after the EGM has adopted the above-mentioned resolution and the Prospectus has been approved by the PFSA. The Company will make the Prospectus available pursuant to applicable law.

This document does not constitute a recommendation within the meaning of the Regulation of the Polish Minister of Finance Regarding Information Constituting Recommendations Concerning Financial Instruments or Issuers Thereof dated 19 October 2005.

This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan, or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America, unless registered under the Securities Act or unless an exemption from the registration requirements set forth in the Securities Act applies to them. No public offering of the securities will be made in the United States of America.

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New director of Galeria Jurajska in Częstochowa

Katarzyna Korpak took the position of managing director in GTC S.A.-owned Galeria Jurajska. She will replace Piotr Myszka, who exercised this function since 2009, when the mall opened.

Katarzyna Korpak has many years of experience working in commercial real estate management. In 2005-2009 she served as i.a. project manager of Veranto Real Estate Sp. z o.o., then as project coordination manager at IRES Sp. z o.o, where she was responsible for, amongst others, opening of the first in Poland STOP.SHOP retail park in Legnica.

Since 2009 she worked in Metro Properties Sp. z o.o. as deputy director of M1 Kraków and Magnolia Park in Wrocław and subsequently as director of M1 Bytom center and CH Tulipan in  Łódź. Katarzyna Korpak graduated from German Philology at Jagiellonian University. She is also a Kraków University of Economics postgraduate in Management Studies.

She is taking up the post of Managing Director in Galeria Jurajska in a critical moment for the mall. In September the center will celebrate its fifth anniversary. In only 5 years the mall gained the leading position on the local market. – My primary task will be to strengthen and develop the role that Galeria Jurajska plays today on the local shopping centers market – said Katarzyna Korpak.

The new director also sets herself clear goals – The crucial point will be to develop relations with tenants and to support them in achieving satisfactory economic results. Second of all, my goal is to enhance the attractiveness of public space of Galeria Jurajska as a place not only to do the shopping but also to spend one’s spare time there. The next priority will be the development of our trade offer in cooperation with new tenants to make the place even more attractive for the residents of Częstochowa and its surroundings – states Katarzyna Korpak.

Piotr Myszka, previous managing director of Galeria Jurajska, will be responsible for the development of a new project, Galeria Północna in Warsaw, conducted by GTC S.A., the owner of Galeria Jurajska.