• GTC has won prestigious awards from Euromoney magazine
• The company was recognised as the best real estate developer in Poland and all of Central & Eastern Europe
Globe Trade Centre S.A. (GTC) has received honours in the 2010 Real Estate Awards given on the basis of surveys conducted among specialists in the real estate industry all over the world. This is the third time in the history of GTC that it has received a distinction from readers of Euromoney magazine.
This is the 6th time that awards have been given out by Euromoney, a publication with over 15,000 subscribers who are specialists in the real estate market. In 2010 GTC has been recognised in the category of “Best Developer in Central & Eastern Europe,” as well as “Best Developer in Poland.”
The ranking by Euromoney is conducted in over 50 countries around the world, reflecting the opinions of developers as well as users of their projects, financial advisers, analysts and investors.
“We look at the Euromoney awards as recognition from our partners and customers as well as the industry as a whole,” Eli Alroy, Chairman of the Supervisory Board of GTC S.A., said after the awards were announced. “Awards like this confirm GTC’s strong market position, based on many years of experience and a portfolio of high-quality developments and sites in attractive locations. It is also proof that we have an exceptional staff of specialists.”
Nominations of companies for this year’s Euromoney ranking were held in April and May. This is GTC’s third time to win the awards. It won before in 2007 and 2008.
GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.
GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.
GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.
GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.