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...
Image: GTC

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...
Image: Savills

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 ...
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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...
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Galeria Północna mall in Warsaw with occupancy permit

After over two years of construction work, Warsaw Stock Exchange-listed investor and developer Globe Trade Centre (GTC) has obtained an occupancy permit for its Galeria Północna shopping center in the Polish capital. The mall is to be officially opened for business on September 14. GTC’s flagship re...

GTC’s yielding portfolio to grow by 400,000 sqm by 2020

Warsaw Stock Exchange-listed real estate investor and developer Globe Trade Centre (GTC) expects that development activity and planned acquisitions will make its income-generating CEE/SEE portfolio increase by approximately 400,000 sqm of GLA between 2017 and 2020. The company is currently developin...

Locked content GTC with €27.5 mln Q2 net profit

WSE-listed real estate developer GTC had €27.5 million net profit in Q2, up by 45.8 percent y/y growth. Revenues amounted to €28.2 million, a 0.6 percent growth y/y. The results were boosted by PLN 26.7 million in asset revaluations. Profit on continued operations measured €41.9 million, up by 22 pe...
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Mobica leases more space in UBP complex in Łódź

IT solutions provider Mobica has leased an additional 800 sqm of office space in building ‘A’ of the University Business Park (UBP) complex in Łódź. The tenant, who was represented by JLL in the negotiations process, will now occupy a total of 2,800 sqm in the building. Located in the do...

Locked content GTC gets red light for Galeria Wilanów project

Mid-cap real estate developer GTC has been denied permission to build the Galeria Wilanów shopping mall in Warsaw’s Wilanów district, the company stated in a market filing. The refusal was “primarily due to a discrepancy in the interpretation of the law by the Company and by the Mayor of the C...