GTC plans to develop a shopping mall in Białołęka

  • GTC is going to develop a shopping and entertainment centre in the Warsaw’s district of Białołęka
  • The modern object will comprise approx. 60,000 sq m of NRA
  • Construction is planned to start no later than spring 2013

GTC plans to develop another modern shopping and entertainment centre in Warsaw, simultaneously to the planning stage of its retail investment in the Wilanów district. The mall will rise on a 4,9 hectare site in the Białołęka area. The investment is estimated at approx. EUR 160m.

GTC’s project will be developed on a plot located at Światowida street in close vicinity of the Białołęka District Office and next to the future intersection of Modlińska street and the freeway extending from the Northern Bridge. According to the local zoning plan, the whole site that belongs to GTC is assigned for commercial services and large scale retail projects.

“The planned investment is a response to the actual needs of inhabitants of rapidly developing Białołęka and neighboring districts, where modern trade and service is still limited” – says Piotr Kroenke, General Manager of GTC S.A. “With development of the local transport infrastructure – including the construction of the Northern Bridge – our center will successfully attend  on residents of the right and left bank of the Vistula river” – adds Piotr Kroenke.

“We are contented with the fact that in the central part of our district a modern facility with a wide retail and entertainment offer will be built. We believe that this initiative will enjoy the support of the district’s authorities and its inhabitants – says Jacek Kaznowski, Mayor of Białołęka district.

Thanks to excellent communication options, the catchment area of the new centre will extend at neighboring districts of Żoliborz, Bielany, Praga Północ and Targówek. The total catchment area of the GTC site is estimated at nearly 540,000 inhabitants.

The architectural design of the mall in Białołęka will be developed by the same renowned companies that are involved in the Wilanów project – Tzur Architects and APA Wojciechowski.

The construction of the mall in Białołęka is expected to start no later than spring 2013, after obtaining a building permit. At the moment, the planning stage is in progress.

GTC developments earn EU GreenBuilding certification

  • GTC office buildings in Łódź and Katowice have been certified in the EU GreenBuilding programme
  • The first phases of both complexes were completed in 2010

Office parks developed by Globe Trade Centre S.A. (GTC) in Łódź (University Business Park) and Katowice (Francuska Office Center) have received certificates in the prestigious EU GreenBuilding programme organised by the European Commission.

 EU GreenBuilding certification confirms the high quality of both projects. Under the requirements for certification, the buildings use at least 25% less energy than a typical office building of a similar standard designed and built in accordance with the requirements of Polish law. The University Business Park and Francuska Office Centre save approximately 40% of energy.  Key solutions include energy-efficient windows that prevent overheating of rooms, effective ventilation with recuperation (heat recovery), and computerized building management system (BMS) and lighting control.

The GreenBuilding programme has been carried out since 2005. The purpose of the programme is to encourage developers to adopt energy-saving solutions, resulting in a reduction of energy consumption in office buildings and other facilities. Projects seeking an EU GreenBuilding certificate must meet rigorous requirements and pass through a multi-step review process, including an energy audit.

University Business Park is located in Łódź, between al. Kościuszki and ul. Wólczańska. The complex offers a total of 37,500 sq m of Class A office space. The project was designed by the Łódź studio NOW Biuro Architektoniczne. The general contractor was Strabag. Tenants with offices at University Business Park include such companies as Intergraph, Kredyt Bank, Aegon, Towarzystwo Ubezpieczeń na Życie Warta, Hermann Kirchner, Bankruptcy Management Solutions, Tax Care and Pharmena. More information:

Francuska Office Center was built in the centre of Katowice at ul. Francuska 34. The complex offers 21,700 sq m of modern office space. The design was created by the renowned architectural studio APA Wojciechowski. The general contractor was Hochtief Polska. Tenants at the complex include such companies as Ruch, Bank Millennium, Nordea Bank, Philips Lighting and Berlitz. More information:

Both of developments were completed in 2010. In addition to state-of-the-art technical solutions, they provide tenants the opportunity for flexible arrangement and efficient use of the space, e.g. for back-office, research or laboratory purposes. They also offer the opportunity to grow within the same office park, which in both of the cities is still a rare option.

GTC selling prime office asset in Warsaw

  • GTC agreed main terms of sale of Platinium Business Park office complex in Warsaw
  • Head of terms was signed with Allianz Group

Globe Trade Centre (GTC SA) signed Head of Terms with Allianz Group regarding sale of Platinium Business Park in Warsaw. Signing of the final agreement is subject to satisfactory due diligence and approvals of statutory bodies of both the buyer and the seller.

Platinium Business Park stand out for its award-winning architectural design, technical specifications, as well as quality of it tenants. The complex is located at the intersection of Domaniewska and Wołoska streets in Warsaw. It consists of four completed buildings with a total of aprox. 44,000 sq m, one building under construction consisting of 11,000 sq m and a site with building permit for another building consisting of 13,800 sqm.

Potential sale of the buildings 5 and 6 is dependent on the achieved leasing and construction thresholds.  The buildings’ final price will reflect an investment yield of 6.7% on the net operating income of each building. GTC expects that upon the transaction approval and closing, the sale of buildings 1-4 will generate free cash of approximately EUR 40 million. Additionally, under full occupancy at the agreed threshold assumption, the sale of each of buildings No. 5 and No. 6 will free approximately EUR 10-13 million cash from each transaction.

If all conditions are met, the closing of the first transaction is expected to take place in December 2011, of Building No. 5 sale – by the third quarter of 2012, and the sale of Building No. 6 during 2013.

Galleria Arad attracted 100,000 visitors

  • Galleria Arad developed by GTC Romania was opened last week
  • Over 100,000 people visited the mall in its first days

Galleria Arad is the eleventh shopping and entertainment centre successfully developed by GTC Group in the CEE region and the fourth one developed by GTC Romania in its home country. The mall hosts a total of 100 shops in a 35,000 sq mnet rentable area and is fully leased.

Galleria Arad was visited by over 31,000 guests in the first day of its activity and by a total of over 100,000 guests in days following the opening.

Galleria Arad is anchored by CORA supermarket, 8-screen multiplex Cinema City, Inditex Group (Zara, Bershka, Stradivarius and Pull&Bear), Peeraj Group (Mango, Oviesse, Piazza Italia, Vero Moda and Jack & Jones) and Pure Fitness. The mall has an underground parking facility for 1000 cars. Galleria Arad also serves as a seat of some local authority departments of the Municipality of Arad.

Galleria Arad has a very convenient public transportation access and it will serve a population of over 300.000  inhabitants in a catchment area of a 30 minutes’ drive.

Galleria Arad now open

Galleria Arad is the 11th shopping mall developed by GTC Group in the CEE and SEE region. It is financed by European Bank for Reconstruction and Development and Raiffeisen Bank.

“I am very proud to announce the opening of Galleria Arad with a very high occupancy level, with leading local and international brands. Galleria Arad aims to be an exceptional shopping destination, an entertainment and meeting point of Arad” – said Shimon Galon, CEO of GTC Romania.

Galleria Arad hosts a total of 100 shops in a 35,000 sq mnet rentable area, combining international and local retail brands. The mall is anchored by CORAsupermarket, a cutting edge, 8-screen multiplex Cinema City, as well as several fashion tenants, including Inditex Group (Zara, Bershka, Stradivarius and Pull&Bear) and Peeraj Group (Mango, Oviesse, Piazza Italia, Vero Moda and Jack & Jones), and the fitness center operator Pure Fitness. Galleria Arad offers a wide choice of dining & relaxing options with 18 restaurants and cafes. The mall has an underground parking facility for 1000 cars. Galleria Arad will also serve as a seat of some local authority departments of the Municipality of Arad.

Galleria Arad has a very convenient public transportation access and it will serve a population of over 300.000  inhabitants in a catchment area of a 30 minutes’ drive.

The city of Arad is located in Western part of Romania and serves as an important industrial center and transportation hub. 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.

Galeria Jurajska celebrates its second birthday

Galeria Jurajska solidified its position on the Częstochowa retail market in 2011. From January through August 2011, Galeria Jurajska welcomed about 4.5 million visitors. Since opening in October 2009, about 12.5 million customers have visited the mall. Galeria Jurajska averages some 540,000 visitors per month.

The months with the highest customer traffic at Galeria Jurajska are March, July, August, October and—traditionally—December. There is steady growth in the number of customers who are tourists or are travelling on the DK1 route (connecting northern and southern Poland) and treat Galeria Jurajska as a stop along their journey.

In 2011, new shops and food outlets have opened at Galeria Jurajska with a combined area of over 4,500 sq m (as of 28 September 2011).

The largest new store to open at Galeria Jurajska in 2011 is TK Maxx (its 8th location in Poland, with over 2,800 sq m), offering name-brand clothing, shoes and bags (as well as home and garden accessories). Shops from Strellson (men’s fashion) and Sesst (women’s fashion) also opened in 2011. A Reporter, shop, offering clothing and accessories for women and men, opened in late August, and, in September, Tchibo (in addition to coffee, a wide range of fashion items and home accessories) and Rifle (an Italian jeans brand).

There were changes as well in the food section, where Multifood STP and Kartonowy Chińczyk locations were opened.

More brands will appear at the mall this autumn, including a new Massimo Dutti shop, offering clothing, shoes and accessories, and a Centro shop (clothing and accessories). Both stores will open in the first half of October.

Galeria Jurajska offers more than shopping. In 2011 the mall established and reinforced its cooperation with numerous public institutions and charities from Częstochowa, the region, and beyond. Events on various themes are regularly held at the mall, addressed to a range of age groups, from preschoolers to senior citizens.

Galeria Jurajska supports such initiatives as the annual finale of the Great Orchestra of Christmas Charity, sports and cultural institutions (like the Częstochowa Municipal Sports and Recreation Centre and the Częstochowa Philharmonic), as well as local welfare organisations.

Overview – Galeria Jurajska by the numbers

  • construction cost: EUR 140 million
  • total area: 130,000 m2
  • lease area: 49,000 m2
  • volume: 870,000 m3
  • number of levels: 3 + office mezzanine
  • number of shops and service points: 200
  • number of parking levels: 1 underground + 5 above-ground 
  • number of parking places: 1,870
  • road infrastructure built by GTC around Galeria Jurajska: 45,300 m2

Galeria Jurajska ( is the third retail and entertainment centre built by Globe Trade Centre S.A. (GTC) in Poland and the first modern facility of its type in Częstochowa. It opened in October 2009.

Galeria Jurajska is located at al. Wojska Polskiego 207, on a section of national route 1, which runs through Częstochowa and connects northern and southern Poland.

Galeria Jurajska features shops from the most popular Polish and international brands. For many of them, it is their debut on the local retail market. Retailers who have opened shops at Galeria Jurajska include Alma, Peek & Cloppenburg, the LPP Group (Reserved, Cropp, Home & You, Esotiq, House and Mohito), the Inditex Group (Zara, Bershka and Stradivarius), C&A, Euro RTV AGD, TK Maxx, Intersport, Empik, H&M, New Yorker, KappAhl, Smyk, Rossmann, Kakadu, Sephora, Douglas, Promod, Max Mara, Trussardi and Apart.

There is a multilevel parking garage for customers at Galeria Jurajska, and numerous bus lines stop immediately adjacent to the mall.