GTC plans to repeat in Osijek a success of Zagreb’s Avenue Mall.A shopping mall will offer a 26,000 sqm of modern retail space.GTC is involved in management or development of 20 shopping malls in the region

Globe Trade Centre expands its portfolio of retail projects in Croatia. The company has recently purchased a plot in Osijek, in the Eastern part of Croatia.

Osijek is the 4th largest Croatian town with population of over 120 000 thousand inhabitants. The catchment area within 30 minutes drive is estimated at 530 000 thousand people.

The site is located less than 2 km from the historical city centre, by the ring road which is Ojsijek’s the main communication route leading to the centre of the town. The plot is provided with a direct access from the road and an excellent public transportation connections.

On the 4 hecatre site GTC will develop the first modern shopping centre in Osijek, comprising 26 000 sqm GLA. The completion of the project is scheduled for IV Q 2009.

GTC has a vast experience in the development of shopping and entertainment centres. In August 2007 the company has opened Avenue Mall in Zagreb, which has immediately become the city’s main shopping destination. Avenue Mall accommodates over 130 shops of biggest international brands like ZARA (first shop in Croatia), Bershka, Marks & Spencer, Esprit, Benetton, Calvin Klein and many others.

In Poland GTC has constructed two successful, modern shopping malls: Galeria Mokotow in Warsaw and Cracow’s Galeria Kazimierz. Such GTC’s great experience in development of retail projects will be also applied in making successful a shopping centre in Osijek.

GTC invests actively in the retail sector in the region. In addition to completed investments – Galeria Mokotow, Galeria Kazimierz and Avenue Mall, the company is developing, individually or in cooperation with partners, 17 shopping malls in Poland, the Czech Republic, Croatia, Romania, Serbia and Bulgaria. The GTC’s part of all20 retail projects comprises 650,000 sqm of net rentable area. Main anchor tenants in GTC’s retail projects include Zara, Peek and Cloppenburg, H&M, Marks & Spencer, Alma Market, Koznum and Cinema City.

Globe Trade Centre S.A.

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