GTC starts the development of the third building within the Matrix Office Park in Zagreb

Expanding on the success of its project in Zagreb, GTC is set to further develop the Matrix Office Park by adding another building to the complex. The third building, Matrix C, which received a building permit earlier this year, will be the newest extension to Zagreb’s most modern and sustainable business center. Just like the previous two, Building C is meant to provide innovative office space, while maintaining a high ecological standard for an international tenant mix.

The first two buildings of the Matrix Office Park which is located on the edge of the business district of the Croatian capital were completed in 2019 and 2020 respectively, and currently provides approximately 21,280 sq m of modern, sustainable commercial office, retail, storage, and parking space, available for rent by both the local and international business community. Avenue Mall and Avenue Center in Zagreb, which provide class A office space and facilities located close to the city center, along with a shopping mall in one of the busiest intersections in Croatia, are another example of the company’s successful presence on the Croatian commercial property market.

Following the success of the first two buildings in the Matrix Office Park, which are both at 95% leased, GTC has decided to further expand its presence on the Zagreb market by developing Building C. The new area will add approx. 10,500 sq m of gross leasable area with high-quality office space, retail shops, bicycle storage and other services and amenities. The building will additionally provide on-site, under, and overground parking for 250 vehicles and electric vehicle charging lots.

Sustainability and minimalizing the environmental impact are both important aspects of the company’s operations, with GTC continuously putting a lot of effort into assuring the ecological construction and functioning of its properties. The Matrix Office Park new building is no exception to that. Buildings A and B have already been awarded LEED Platinum certificates, expanding GTC’s portfolio of green projects. The new building is set to become another sustainable business hub for Croatian and international residents. Upon completion, Matrix C will DGNB Gold certified.

 – I’m very glad that our Croatian portfolio is growing so rapidly and can present outstanding results within the CEE market. The new building, in a modern business complex, like Matrix Office Park, is a great opportunity for GTC to further expand and lead the way in the development of the real estate market in Zagreb and the market itself to grow in new directions. The new building is also a great opportunity to strengthen our valuable relationship with tenants and provide them with sustainable solutions, which are now necessary more than ever, in every aspect of life and business – says Arn Willems, GTC Managing Director Croatia.

The Matrix Office Park is already attracting a very well-known, international tenant mix from various industries. These include tenants from the fashion, retail, financial services, and IT sectors, many of whom are looking to expand further within the Matrix Office Park. This will allow for the park to become a truly modern hub for many, diverse cultures and industries, with the comfort and safety of the residents at the forefront of its operation. The shell & core of the building is scheduled for completion in Q2 2023 ready for the fitting out of tenant areas.

Zoltán Fekete steps up as the President of GTC Management Board

ZoltánFekete was appointed the President of Management Board of GTC. Previously, he has served the company as the Chairman of The Supervisory Board for two fruitful years. In the new role Mr Fekete will steer all GTC’s operations in the region.

Zoltán Fekete has been associated with GTC since July 2020. As Chairman of the Supervisory Board, he actively participated in strengthening the name of GTC as an industry leader in the CEE commercial real estate development market. What is more, Zoltan’s proven track record in investment banking and private equity contributed to reinforcing GTC’s reputable image in the eyes of strategic partners, key investors and independent financial institutions. The nomination of an experienced and well-known expert for the position of President of the Management Board confirms GTC’s desire to strengthen its position through M&A transactions as well as purchasing particular assets and land plots in attractive locations and developing further commercial real estate projects.

“I am truly grateful for the trust and confidence my colleagues from the Supervisory Board have in me to step into this role. This thrilling yet challenging responsibility keeps me on my toes as I look forward to writing another chapter in GTC’s history amid uncertainty of the rapidly changing world. So far, we have been on top of investors’ minds for 25 years and the pride I feel for the great efforts of our team who have made all the achievements possible makes me positive about our future as a company. With such truly dedicated real estate professionals on board, I will see to the GTC’s growth, leveraging lessons learned and best practices of my predecessors. I am sure together we will continue to develop and surprise stakeholders with new remarkable results” – commented Zoltán Fekete, newly appointed President of the Management Board.

Zoltán Fekete graduated from the Law Faculty of Eötvös Lorand University and obtained an MBA in Banking from the University of Exeter, UK. Mr Fekete has over 30 years of experience in international investment banking and private equity. As an investment banker he worked for HSBC London, Credit Suisse First Boston in Budapest, London, and Israel. During his career, Mr. Fekete has dealt with a large number of IPOs, M&A transactions and private equity investments in the field of real estate, technology, and life sciences. Between November 2015 and March 2022, he acted as CEO of Optima Investment Ltd.

GTC’s milestone Pillar building in Budapest has been launch

GTC has just commissioned a new, premium-quality office building in Budapest, Hungary. The Pillar office building is an important development for the market, with the largest pre-lease contract in the history of the Hungarian office market, signed by GTC and a leading US energy company ExxonMobil, in 2019. The newest addition to the GTC Hungarian portfolio answers the visible, strong demand for modern office spaces in the country.

The Pillar building, located in the rapidly growing business quarter of the Hungarian capital, after its inauguration earlier this year is now providing up to 29,000 sq m of commercial area at a premium level. Already fully leased, the building is offering café bars, restaurants, co-working spaces, post office, playroom, relaxing garden, bike facilities, shopping experience, conference center, and most importantly, modern, premium-quality office spaces for its main tenant ExxonMobil – who signed a pre-lease contract before the building was completed. The opening puts emphasis on the importance of the Hungarian property market and only furthers its development.

I can proudly say that Pillar is becoming a landmark commercial space in Budapest and on the Hungarian market itself. This innovative, sustainable space which, even before being completed, became a house for such a prominent company as Exxon Mobil, has the potential to broaden the market and further develop our business scene  – says Ede Gulyás, Country Director of GTC Hungary.

The building was designed to suit the expectations and needs of international tenants but more importantly to minimize its environmental impact. Sustainable solutions have been incorporated into the design which allows clients to enjoy the environmentally friendly product. Pillar was designed and constructed in line with LEED Platinum certification and is now part of GTC’s eco-friendly portfolio. Great attention to detail and tailor-made solutions were equally important as well as the building’s main occupier who greatly contributed to the design of the building and worked closely with GTC to ensure Pillar will be the best possible space for Exxon’s employees.

We appreciate the great and ever-growing potential of the city of Budapest and we are proud to have put yet another stamp on its dynamic and extremely promising real estate market. Hungary is an important and growing market for us, which we plan to develop further in the upcoming years – says János Gárdai, GTC’s Chief Operating Officer.

Aside from Pillar and completed in 2018 White House complex, in 2021 GTC invested over 310 million EUR in Hungary buying properties like Váci Greens D, Ericsson and Evosoft headquarters, Váci 188. The developer is also planning further projects in their current pipeline Center Point III and the Twins, which altogether will deliver over 75 000 sq m of ultra-modern office space to the Budapest real estate market.