GTC aims to raise capital by 10%

Real estate developer Globe Trade Centre (GTC) may increase its capital by 10 percent in a year, CFO Erez Boniel announced. "In the next 6-9 months, our equity is completely sufficient to do what we need to do, but we also see a lot of opportunities . . . we may have a small capital hike by up to 10 percent next year. But this needs to be discussed with the shareholders," he said. In mid-August, GTC debuted on the largest African market of the Johannesburg Stock Exchange (JSE). GTC is the owner and developer of primarily Class A office and retail properties located in Poland and capital cities throughout the CEE and SEE regions.