KMG Rompetrol to stay at City Gate in Bucharest

  • KMG Rompetrol has signed a five-year City Gate lease prolongation with GTC
  • KMG Rompetrol will retain 9,400 sq m of modern office space
  • The total leasable area of the complex is 48,000 sq m

GTC has signed another lease agreement with KMG Rompetrol, a petroleum industry giant and one of the key players in the fuel sector in Southeast Europe, extending the contract for another 5 years. KMG Rompetrol is to retain 9,400 sq m of its headquarters in City Gate in Bucharest, Romania.

KMG Rompetrol, an international oil company operating in Romania, Moldova, Bulgaria, Georgia and France, decided to continue its lease of 9,400 sq m of modern office space in the northern tower of the City Gate complex until July 2023. The property is located in a prestigious business district of Bucharest and consists of two independent towers, with a total leasable area of nearly 48,000 sq m.

“The trust of our business partners strengthens GTC’s position as a leading real estate player on the Romanian office market. We are glad a company as renowned as KMG Rompetrol once again relied in us and showed proof of their satisfaction by extending their lease” commented Bogdan Jigman, Managing Director of GTC Romania.

City Gate is considered to be one of the best performing office projects in the Romanian capital. Last year, GTC successfully streamlined the ownership structure of the whole complex by buying out its minority partner, Bluehouse Capital and now owns 100% of the equity.


GTC’s office leasing soars in Poland

  • Strong office leasing activity in Poland170209_GTC_Leasing team_Poland
  • Over 53,500 sq. m leased
  • 54 deals signed

2016 was a year of great achievements for GTC. The Group worked hard on growing its portfolio of income-producing assets and further improving occupancy rates. Last year alone, GTC leased over 53,500 sq. m of high-quality office space in its own or managed properties in Poland.

The year commenced with the appointment of Justina Ivan, as Office Leasing Director and concentrated efforts aimed at optimizing the operational structure. As a result, the Polish leasing team closed a staggering number of 54 deals. The largest transactions included IBM’s extension of a long term lease for over 12,000 sq. m at the Korona Office Complex Kraków and Ericsson’s lease of ca. 8.500 sq. m at UBP Lodz.

“We are proud of the leasing results delivered throughout the properties of our Polish portfolio. It was a record year in which KPI’s were outperformed and the overall occupancy rate of our 20 office buildings reached an average of 91%. I believe that a strong client oriented approach, along with the expansion of our leasing and property management departments, by employing some of the best professionals available on the market, were amongst the key factors of our success. We have a wonderfully dedicated team, and wish to thank our tenants for their trust in us,” commented Justina Ivan, GTC Office Leasing Director.

The long list of GTC Poland’s prominent tenants includes Accenture, Fujitsu Technology Solutions, IBM, KPMG, UPS, DHL, Pandora, HP, GFT, Medicover, DFDS, mBank, Deloitte, Rockwell Automation, A. Schulman, Arla, Genpact, Luxmed, Unit 4, and many others.



Well known fashion brand in Galeria Północna – New Yorker joins the tenants group

New Yorker, the German fashion chain belongs to the leaders of the European clothing industry. It’s well known amongst the young fashion segment and it just confirmed it’s retail space in Galeria Północna. The store will occupy an area of 1220 sqm., and will be the thirteenth shop in the center of over 1000sqm. Finilized in the last of the lease agreement significantly contributed to the increase in the level of commercialization of the Galeria Polnocna, which at the moment is 80%.

New Yorker has more than 1,000 stores in more than 40 countries worldwide. Since many years, this brand follows the latest trends in fashion. A wide and diverse range of New Yorker is divided into number of known brands, such as FISHBONE, FISHBONE SISTER (sportswear and streetwear), AMISU and SMOG (classic and elegant style clothing), as well as CENSORED (underwear and swimwear). ACCESSOIRES which is a line that is full of distinctive accessories.

Under the motto “Dress for the moment” even the most demanding customer will find the dream outfit for every occasion in New Yorker

Moreover, several times a week we are communicating the new agreements that we sign with the new tenants. There are many ongoing conversations with the potential tenants, some of them will be finalized in the near future. What pleases us the most, is that in addition to well-known and highly anticipated brands such as New Yorker, we can offer our customers not available to date stores, such as Poland’s first Hamleys, one of the first stores Forever 21 or the first in Warsaw multibrand living 4faces – highlights Agnieszka Nowak, director of the Galeria Polnocna.

We can observe the commercialization of the Galeria Polnocna. Recently, new tenants joined Galeria Polnocna, brands such as  Hamleys, 4faces, Starbucks, Ethno Cafe, Bierhalle, McDonald’s, Makarun, Culinary Workshop. CCC brand decided to significantly enlarge it’s retail space before the offical opening of Galeria Polnocna.

The lease transaction GTC – investor of Gallery North – advised by experts JLL.

New Yorker is another big fashion tenant that decided to launch it’s store in the Galeria Polnocna. Centre keep expanding its portfolio of brands with a very popular clothing chain, aimed at younger audiences. This is another element that will help us create the specific offer aimed on all families. – comments Agnieszka Olszewska, Senior Consultant in the Department Hiring Retail, JLL