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 of the portfolio from Hines. Far-sighted asset management strategy of GTC led to the full lease up of the building, extension of average lease terms and significant value improvement.

In 2016 we acquired the property with significant vacancy for an attractive price. Excellent in house property management and asset management expertise allowed us to reposition the building on the market and achieve full occupancy. This transaction released additional free cash to be reinvested but partly to be shared with our shareholders.”commented Thomas Kurzmann, the CEO of the GTC group.

Neptun is a Class A office building, located in Gdańsk Wrzeszcz, at Grunwaldzka Avenue – the main arterial route connecting the city center with Sopot and Gdynia. Introduced to the market in 2014 it was the first office tower in Tricity which have become an architectural icon, symbolizing the dynamic development of the metropolis. Neptun Office Center offers 16, 100 sq m of lettable state-of-art office space and provides 160 parking places. The building is within walking distance to the numerous bus lines stops, municipal trains and located direct at the railway station of Gdansk. Surrounded by retail and service facilities, such as Galeria Bałtycka, Galeria Metropolia, and Manhattan Gdańskie shopping malls, Neptun provides a balanced combination of work and leisure activities for its tenants.

CBRE and Avison Young were representing the Vendor and the Buyer respectively.

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 obtained a building permit for a new office project in Katowice. Once finished, the class A building will offer 18,315 sq. m of state-of-the art office space over 5 floors in the heart of Katowice. Designed by JEMS Architects, Moderna is a unique project, inspired by Katowice modernist architecture, based on functionality, minimalism and simplicity as well as openness to the surrounding city.

The new office building will organically fit into local community, blending with neighborhood and sharing its public spaces with city residents. We strongly believe that Moderna will become a fantastic addition on Katowice’s office map providing top quality working environment for new business operating in or entering Silesian agglomeration commented Grzegorz Boczek, GTC Poland Head of Office Leasing.

Moderna’s offer goes beyond modernist style and takes a step forward in accordance with the well-being philosophy. The office building will offer a harmonious combination of greenery with elements of architecture: high-quality materials, elegant lobby decor, open terraces and two green piazzas, wide communication corridors leading to modern conference rooms, a canteen and elevator halls. By emphasizing natural light in workspace, not only it creates ideal conditions for productivity, but also ensures tranquil working environment.

The GTC’s Moderna is a unique ‘city-forming’ project that completes the southern part of downtown, creating space for work and recreation, open to Katowice residents and guests. The office building will have a patio and provide convenient pedestrian communication to neighboring properties – new housing residence, park, church, historical downtown – everything will be smartly connected.

Furthermore, cutting-edge technological solutions will be applied to maximize tenant comfort and minimize building’s impact on the environment, – adds Grzegorz Boczek – Moderna is expected to receive LEED GOLD certification, proving it’s sustainable excellence”.

With 25 years of experience in developing high-class office projects, GTC focuses on well-being philosophy in the workplace and keeps investing in sustainable solutions to shape an exclusive offer. Moderna will be the highlight of architectural genius empowered by technology with human-centric approach in mind.