GTC redesigning planned Warsaw mall scheme

Warsaw Stock Exchange-listed developer and investor GTC has presented its new plans for the major plot of land that it owns in the Miasteczko Wilanów neighborhood of the Wilanów district of the Polish capital. The company, which was previously planning the Galeria Wilanów shopping center project on ...

Locked content GTC shareholders subscribe 13.2 mln shares

Shareholders of real estate developer Globe Trade Centre subscribed 13.2 million M-series shares placed in private subscription, the company announced on Wednesday. The total value of the issue is PLN 113.5 million. In the middle of May, GTC shareholders approved the issue of up to 19.4 million shar...

GTC’s Łódź offices with green credentials

Warsaw Stock Exchange-listed developer GTC has secured a BREEAM In-Use certificate for energy efficiency and environmental performance at the “Excellent” level for its Sterlinga Business Center office building in downtown Łódź. The certificate has been granted in the “Asset” and “Management” categor...

Locked content GTC with €24 mln Q1 net profit

WSE-listed real estate developer GTC had €24.1 million net profit in Q1, down by 25.2 percent y/y, but above €16.4 million consensus. Revenues amounted to €39.5 million, a 30.6 percent growth y/y. Operating profit amounted to €36.9 million, down by 14.4 percent y/y. “We achieved solid results in the...

Locked content GTC 2017 profit inches down

WSE-listed real estate developer GTC had €156.3 million net profit in 2017, down by 1.2 percent y/y. Revenues amounted to €128.7 million, an 11.9 percent growth y/y. Net income from revaluation of assets increased to €149 million from €85 million in 2016. “The increase primarily reflects the profit ...

GTC gets refinancing for Kraków office complex

Warsaw Stock Exchange-listed developer and investor GTC has secured €46.5 million in bank financing from BZ WBK, which it will use to refinance its Korona Office Complex in downtown Kraków. The complex, which was built in 2003-2014 and refurbished earlier this year, comprises a total of approximatel...

GTC with €200-mln Warsaw mall refinancing

Warsaw Stock Exchange-listed developer and investor GTC has secured up to €200 million in bank financing from Bank Pekao that it will use to refinance its Galeria Północna shopping center project in Warsaw. The company has previously obtained up to €116 million in bank financing from the same lender...

GTC’s Kraków office complex modernized

Warsaw Stock Exchange-listed developer and investor GTC has finished the process of modernizing its Galileo, Newton, Edison and Pascal office buildings in Kraków. The project involved the installation of greenery around the complex, the renovation of the reception areas in three of the buildings as ...

GTC to open PLN 800-mln shopping center in Warsaw

The Galeria Północna shopping center, which Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC) has just completed in the Białołęka district of the Polish capital, is to open for business on September 14. The mall comprises over 64,000 sqm of leasable space and houses more than 200 store...

GTC with almost €400 mln in financing and re-financing in H1

Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC) has revealed it secured a total of almost €400 million in financing and re-financing in the first half of this year. The volume includes loans refinancing existing projects valued at €221.5 million, loans financing construction of new p...