GTC Romania, a subsidiary of Globe Trade Centre S.A., has sold 1,200 residential units in the ROSE GARDEN and FELICITY residential projects in Bucharest. Construction of the two projects began less than a year ago.

ROSE GARDEN is the first residential development launched by GTC in Romania. The complex is situated in the Bucharest city center and consists of more than900 flats. More than 700 of them have already been sold, and about 500 are scheduled for completion by the end of the year. The first flats will be delivered to buyers this month.

The complex will comprise 11 buildings. Future residents will be provided with about 1,100 parking spaces, a retail and service area, and a playground for children. True to the name, the complex will feature real rose gardens. More information about the project is available at: www.rosegarden.ro

Construction of the second complex, FELICITY, was launched at the end of October last year. About 7 months after the start of construction, 500 of the 1,179 flats in the project have already been sold. Construction of the first 112 flats is expected to be completed in the first quarter of 2009.

FELICITY is located in the northern part of the Romanian capital, in a popular neighborhood of detached houses. It will be a complex of 3- to 5-storey buildings surrounded by expansive green areas. Ground-floor flats will have their own private gardens. The residential complex will also include a shopping center, playground, café, pharmacy and kindergarten. More information about the project is available at: www.felicity.ro

GTC has been active in Romania since 1999, carrying out projects in three main sectors of the real estate market: residential, offices, and shopping centers. Today GTC’s residential portfolio of projects under development in Romania comprises approximately 5,000 residential units.

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