GTC right issue oversubscribed

Leading Central, Eastern and Southern European commercial real estate company Globe Trade Centre S.A. (GTC) is proud to announce that almost 100% of the offered series K shares were subscribed for in the initial subscriptions. In total, the share offering of its K series shares was more than 34% oversubscribed.

“The great subscription result is a signal from investors that they approve of our new strategy and strongly believe in its execution. As previously indicated, the funds from the capital increase will strengthen our balance sheet and will be used to finance growth through the acquisition of value-added assets, to develop selected projects in our core markets and to seize opportunities to enhance the company’s value.” – Thomas Kurzmann, GTC’s CEO said.

“The new cash will reinforce our relationship with our lenders and will provide headroom for further leverage to boost returns from investment” – added Erez Boniel, GTC’s CFO.

The proceeds from the share issue will also fund the development of GTC’s promising projects, Galeria Wilanów in Warsaw, University Business Park in Łódź and the second phase of the FortyOne project in Belgrade. Acquisitions and development projects will enable GTC to boost its real estate portfolio value and financial results. Additionally, GTC has carefully selected a number of potential acquisition targets that meet its investment criteria. The company plans to invest in properties with value-added potential that can be realized through its regional platform and asset management skills. The acquisition targets are located in Poland and capital cities in the CEE and SEE region. GTC plans to acquire assets in the office and retail sectors.

Cornerstone Ceremony at Galeria Północna

  • Laying of the cornerstone ceremony took place at Galeria Północna site
  • Galeria Północna, the first major modern shopping and entertainment centre in North-Eastern Warsaw, will open in Q2 2017

Galeria Północna, one of Globe Trade Centre’s S.A. (GTC) key retail projects, took an important step forward with the laying of the cornerstone. Representatives of GTC, Warsaw and Białołeka district authorities and partner companies attended the ceremony.

The foundation act of Galeria Północna was signed by Thomas Kurzmann on behalf of GTC, a representative of the architects that designed Galeria Północna – APA Wojciechowski and Tzur Architects, the representative of Unibep S. A., the general contractor, Hill International, project manager, as well as the representatives of the City of Warsaw and Białołęka authorities. Laying of Galeria Północna’s cornerstone opens a new chapter in GTC’s history and marks its growth acceleration.

“We are delighted to celebrate the commencement of Galeria Północna development, where pre-liminary construction works are already underway at full speed” – said Thomas Kurzmann, GTC Chief Operating Officer. “We are certain that our project will contribute to Warsaw’s retail market and will meet the expectations of the inhabitants of Białołęka and the neighboring districts. Galeria Północna will be the first major modern shopping and entertainment centre located in the North-Eastern part of Warsaw. We would like to thank all the residents of Białołęka for their patience and support” – added Mr Kurzmann.

The City of Warsaw and Białołęka district authorities have continually backed Galeria Północna. Białołęka’s authorities and GTC shared the needs of Białołęka’s residents and the neighborhood infrastructure investments and mutually endeavored to deliver such a prominent project.

“Our district’s residents have been waiting for a modern, functional and architecturally attractive shopping and entertainment centre for quite some time. We keep our fingers crossed that in two years, all Białołęka residents will be able to do their shopping as well as enjoy a multi-screen cinema and relax in publicly accessible rooftop garden in a modern shopping mall located in the heart of our district. Additionally, what we also find crucial, Galeria Północna opening will create new jobs for Bałołęka’s residents” – said Piotr Jaworski, Mayor of Warsaw’s Białołęka district.

ABOUT GALERIA PÓŁNOCNA:

Galeria Północna has already attracted renowned tenants, including Cinema City, LPP Group, Carrefour, H&M, and many more. Designed by the renowned APA Wojciechowski and Tzur Architects studios, the project will offer approximately 64,000 sq m of leasable space, while the customers will be provided with ca. 2,000 parking spaces. Galeria Północna will feature numerous leisure solutions, including a publicly accessible rooftop garden, walking paths and a playground. In order to confirm Galeria Północna’s status as one of the greenest buildings in its class in Poland, GTC plans to obtain LEED Gold certification for the investment. The opening is planned for Q2 2017.

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GTC announces 50% pre-lease of University Business Park and welcomes its new tenants

  • GTC signed two binding lease agreements for its University Business Park II in Łódź:
  • Fujitsu shall initially occupy 6,000 sq. meters
  • Other, yet to be named international blue chip tenant, takes 3,000 sq. meters
  • University Business Park II is 50% pre-leased
  • Completion is scheduled for April 2016

Globe Trade Centre S.A. (GTC) has won two new important tenants for its University Business Park: the company has signed lease agreements with Fujitsu, a leading international ICT company and with another, yet to be named tenant. Both will open their offices in University Business Park II in the first half of 2016.

Jointly, both tenants have taken a combined office area of 9,000 sq. meters in University Business Park (second phase). With those leases the second phase of the University Business Park is 50% pre-leased. The building is currently under development and its completion is scheduled for April 2016.

We are very happy that both prestigious tenants and leaders in their fields, decided to choose University Business Park. We believe that both, the convenient location of the University Business Park in the heart of Łódź as well as all additional facilities offered to tenants, will allow to increase work efficiency of the employees. We are very pleased with the cooperation of the city authorities whose efforts have made Łódź a very attractive business location” – says Jacek Wachowicz, Chief Investment Officer, GTC.

Cushman & Wakefield advised GTC in the lease process.

The lease of space by Fujitsu Polska is the first transaction in the second stage of the University Business Park complex. Now that the University Business Park first stage is completed and leased and the second stage becomes operational soon, I am convinced that the complex will become an even more significant spot on the business map of Łódź. We are glad that thanks to the developer’s flexibility and the project’s attractive location, Fujitsu Polska has been able to find a place that meets the needs of that rapidly developing business” – said Krzysztof Misiak, Partner and Regional Cities Manager in the Office Department of Cushman & Wakefield.

ABOUT UNIVERSITY BUSINESS PARK

University Business Park is a modern, A-class office complex situated in the center of Łódź. The complex offers tenants flexibility and growth opportunities within one office park as their business grows. The University Business Park features a restaurant, café and other amenities; it also provides 4 convenient car entries, parking space for taxis and guests and a separate delivery zone. Phase B will offer a total of 19,400 sq. meters of rentable space.

University Business Park 2

GTC determines the share price and publishes prospectus

Leading Central, Eastern and Southern European commercial real estate company Globe Trade Centre S.A. (GTC) has determined share price for the K series shares and published a prospectus for its capital increase. GTC will use the proceeds from the capital increase to finance its acquisition targets and development of selected projects in the region.

GTC plans to issue 108.906.190 series K shares with pre-emptive rights that will be traded on the Warsaw Stock Exchange. The prospectus has been approved by the Securities Commission and published at the Company’s website. The record date for pre-emptive rights is 10 September 2015. The price of the newly issued shares is set at 5 zł 47 gr. each.

“Today, we realize another important step in our strategy. Funds from the capital increase will strengthen our balance sheet and will be used to finance the Company’s growth through acquisition of value-added assets, development of selected projects in our core markets and seizing opportunities that will enhance the company’s value” – Thomas Kurzmann, GTC’s CEO said. “Lone Star, our majority shareholder, informed us that they support our strategy and will participate in the share issue pro-rata to its holding, which gives us a lot of confidence in the success of this issue” Mr Kurzmann added.

GTC has carefully selected a number of potential acquisition targets that meet its investment criteria. The company plans to invest in properties with value-added potential that can be realized through its regional platform and asset management skills. The acquisition targets are located in Poland and capital cities in the CEE and SEE region. GTC plans to acquire assets in the office and retail sectors. Additionally, the proceeds from the share issue will also fund development of GTC’s promising projects, Galeria Wilanów in Warsaw, University Business Park in Łódź and FortyOne second office building in Belgrade. Acquisitions and development projects will enable GTC to boost its real estate portfolio value and financial results.

State of Art Cinema City theatre in Galeria Wilanów

State of Art Cinema City theatre in Galeria Wilanów


 

  •  GTC signed a binding lease agreement with Cinema City for 3,400 sq. meters
  • A leading cinema operator in Europe will open a 12-auditorium cinema in Galeria Wilanów

 

Globe Trade Centre S.A. (GTC) signed a binding lease agreement with Cinema City for 3,400 sq. m of cinema space in Galeria Wilanów in Warsaw.

Cinema City, the largest cinema operator in Poland, part of Cineworld Group, the second largest cinema chain in Europe, decided to lease 3,400 sq. meters in Galeria Wilanów where it will open a state-of-the-art, multi-screen cinema. It will enable residents of Wilanów and other southern districts of Warsaw to enjoy the newest movie productions in one of the 12 cutting-edge auditoriums.

We are committed to providing the customers of Galeria Wilanów with the best leisure and entertainment offer and a state-of-the-art cinema plays an important role in this mix. Cinema City International is one of those key tenants that largely determine the attractiveness of a mall’s entertainment offer. We are proud to have such an experienced cinema operator on board with us.” – said Jacek Wachowicz, GTC Chief Investor Officer.

 

ABOUT GALERIA WILANÓW

Galeria Wilanów will be the very first major new generation shopping center located in southern Warsaw. Designed by the renowned APA Wojciechowski and Moshe Tzur architecture studios, the gallery is planned in such a way as to provide maximum openness. The environment-friendly project features leisure areas and playgrounds. Leasable area will equal 61,000 sq. m including ca. 250 stores and service points. Customers will be able to make use of 2,200 parking slots in underground and roof parking. Galeria Wilanów has already attracted a number of renowned tenants, including Carrefour, H&M, the LPP Group and many more.

Galeria Wilanów is at the final stage of activities that need to be performed prior to commencing construction works. An application for building permit has been submitted.

ABOUT CINEMA CITY

Cinema City is the largest cinema operator in Poland, part of Cineworld Group, the second largest cinema chain in Europe. Cinema City Poland operates 33 multiplexes, with 354 halls, including 5 IMAX halls, 3 4DX halls, VIP halls, and educational centers – Cinema Park.

Cineworld Group is present in 9 countries (The UK and Ireland, Poland, Israel, Hungary, Czech Republic, Bulgaria, Romania and Slovakia). It owns 210 multiplexes with more than 1,952 halls, among which 25 IMAX and 12 4DX halls. The group’s first cinema opened in 1930 in Haifa, Israel, expanding to Central Europe in 1997, entering Poland in 2000.

Galeria Wilanów