Globe Trade Centre S.A. (GTC) successfully placed 1.712m new shares, raising USD150 milion.
During the book-building process qualified investors declared demand for a total of 4.7m shares.

The offering of series G shares was directed to Qualified Institutional Buyers. CDM Pekao S.A. and ING Securities S.A. were Join Offer Managers, and London-based CA IB and ING Bank acted as Global Co-ordinators. Weil, Gotshal & Manges were the legal counsel for the transaction.

GTC shares issue was the biggest offer on the Warsaw Stock Exchange year-to-date. During the book-building process investors declared demand for a total of 4.7 million shares, while the potential maximum size of the offering was 1.8m shares. The issue price was PLN 285.
The new shares were purchased by the leading domestic and international institutional investors, all of them are first-tier names. The success of the offering shows investors confidence in GTC’s ability to identify real estate opportunities and to accelerate our expansion in the region ” – commented Mariusz Kozłowski, member of GTC Management Board in charge of Investors Relations.
Our precise target was to raise USD150m from the offering. With such big demand from investors we achieved the goal by selling just 1.712m shares.” – said Erez Boniel, GTC Finance Director.
New funds raised from the offering will be used for the acquisition of new projects in CEE real estate markets at a faster pace.

In March 2006 Globe Trade Centre S.A. started its activity in Slovakia, while new investments in Bulgaria and Ukraine are to commence in 1H 2006. By the end of the year GTC will have been active in 9 countries of the region.

With existing financial resources and newly raised equity GTC will be able to invest at least USD1bn in new projects by the end of 2008.


Globe Trade Centre S.A.

KOR 45A, 02-146 Warsaw NIP: 527-00-25-113 T: +48 22 16 60 700

GTC countries Bulgaria Croatia Hungary Poland Romania Serbia

Download GTC Logo

© 2021 Globe Trade Centre made by Esencja Studio