Gallerie Arad attracts Inditex

Gallerie Arad continues to attract the most important international fashion retailers beside its strong food anchor Cora Hypermarket and entertainment anchor Cinema City. The mall is being developed by GTC Romania, the subsidiary of Globe Trade Centre S.A. (GTC).

Top brands from the renowned fashion retail group Inditex, including Zara, Bershka, Stradivarius and Pull&Bear will occupy approx. 3,700 sqm in Gallerie Arad. The mall comprises about 33,600 sqm of leasable area.

Gallerie Arad is already over 85% leased and GTC is now finalizing lease agreements with several other important international and local retailers.

Gallerie Arad will offer a large variety of local and international fashion retailers, entertainment and dining options and as well a strong hypermarket. We are very proud to announce that Inditex Group has chosen to join GTC’s project. With Zara, Bershka, Stradivarius and Pull&Bear, Gallerie Arad will become a must-visit shopping destination of Arad this autumn – Shimon Galon, CEO of GTC Romania, said.
GTC holds 100% of shares in Gallerie Arad. The project is financed by the European Bank for Reconstruction and Development.
The city of Arad is located in Western part of Romania and serves as an important industrial center and transportation hub with more than 170,000 inhabitants. Gallerie Arad is located on the main artery of the town with a dense populated area, on Aurel Vlaicu Boulevard. With its location, tenant mix and architectural features, Gallerie Arad aims to be the main attraction of the city.

GTC starts development of a new landmark office building in a prime location in Bucharest

The building called Ana Tower, will be located in the close vicinity of GTC’s latest award-winning office project – City Gate. The project will be a 50-50% partnership between GTC Romania and Ana Group, while GTC will be managing the project on behalf of the joint venture.

Ana Tower will provide approximately 30,000 sqm of A-class office space located on 24 floors in the most attractive office destination in Bucharest, in the north part of the city. Tenants and visitors of the property will enjoy, apart from the prestigious location and high standard offices, many amenities that include also two hotels located next to the building and excellent public transportation access.

Ana Tower is the fifth office building which GTC develops in Bucharest, after Europe House, America House, City Gate South and City Gate North.

“We are confident that Ana Tower will attract  strong demand from renowned tenants” – says Shimon Galon, GTC Romania Country Manager. “We plan to start the construction this year and to complete the building at the beginning of 2013”.