07 Oct 2020
Galeria Północna to be the home of the largest Sinsay store in Poland

Galeria Północna has just signed an agreement with LPP to relocate its Sinsay store. The deal will result in the largest brand store in Poland with over 2,600 m2. A grand opening of the two-storied showroom featuring the greatest selection of fashionable Sinsay clothing and accessories is scheduled for this year. A wide choice of […]

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18 Sep 2020
Yovav Carmi appointed as President of the Management Board of GTC

GTC Supervisory Board has appointed Mr. Yovav Carmi to the position of the President of the Management Board of GTC. Mr. Carmi has over 26 years of professional experience in finance and real estate and has worked for GTC for the last 19 years. The period with the company has given him an in-depth knowledge […]

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27 Aug 2020
Grzegorz Strutyński joins GTC as Country Manager responsible for operations in Poland

GTC has appointed Grzegorz Strutyński to the position of Country Manager, Poland. He will be responsible for all activities taken by the Company in Poland. Grzegorz Strutyński has led an outstanding career in senior management positions for major international real estate companies. Prior to joining GTC, Mr. Strutyński held the position of Commercial Director Poland […]

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19 Aug 2020
Retail results impacted by COVID-19 outbreak. Offices resilient. Solid collection

H1 2020 FINANCIAL HIGHLIGHTS Gross margin from rental activity at €59m (€61m in H1 2019) Occupancy at 94% (95% December 2019) FFO I decreased 11% to €33m (€37m in H1 2019), FFO per share at €0.07 Operating profit: profit before tax and fair value adjustments of €32m in H1 2020 (€37m in H1 2019) Loss […]

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29 Jul 2020
GTC presents a strong balance sheet at the end of March 2020. Impact of COVID-19 outbreak visible in the operations

Q1 2020 FINANCIAL HIGHLIGHTS Annual in-place rent went up 11% to €145.4m (€130.6m in Q1 2019) Gross margin from rental activity up by 1% to €30m Occupancy kept high at 95% FFO I increased 3% to €18.3m, FFO per share at €0.04 Operating profit: profit before tax and fair value adjustments of €13m Profit after […]

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