07 Jan 2020
World Bank as a new tenant of Advance Business Center II

The GTC Advance Business Center II is A-class office located in a vibrant business district in Sofia, Bulgaria The facility will comprise ten office floors with a total area of 17,000 sq m. Advance Business Center is due for deployment in Q4 of 2020. GTC Bulgaria has signed an agreement with World Bank for lease […]

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11 Dec 2019
GTC closes sale of Neptun Office Center

Sale of Neptun Office Center generates free cash after value creation via right acquisition strategy and professional asset management This transaction proves effectiveness of our strategy set back in 2015 GTC completed the sale of Neptun Office Center. Neptun has been in GTC’s portfolio since 2016, when the developer acquired this property as a part […]

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10 Dec 2019
GTC’s Moderna brings back Katowice spirit

GTC received building permit for Moderna – its newest office development in the heart of Katowice. The project will offer 18,315 sq. m of lettable office space over 5 floors and 354 underground parking places. The building is designed to meet LEED Gold certification. GTC – the leading developer in the CEE region – has just […]

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14 Nov 2019
Successful leasing contributes to value and FFO growth

9M 2019 FINANCIAL HIGHLIGHTS In-place rent increased to €144m; like-for-like in-place rent increased by €4.1m and new assets contributed €16.5m Gross margin from rental activity up by 13% to €94m (€83 in 9M 2018) FFO I increased 11% to €52m (€46m in 9M 2018), FFO per share at €0.11 Operating profit: 10% increase in profit before […]

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23 Oct 2019
Office transaction of the year: GTC Pillar to house ExxonMobil

The GTC Pillar is A-class office building just off the popular Váci Office Corridor in Budapest that will comprise 29,000 sq. m of lettable space. The facility is nearly 95% leased, while still under construction, which is a remarkable result on the Hungarian market. The GTC Pillar office building is due for deployment in early […]

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