GTC starts second stage of FortyOne

WSE-listed real estate developer GTC will start construction on the second stage of an office scheme in Belgrade within a few days. The delivery of the FortyOne project is scheduled for Q3 2016. FortyOne is an office complex comprising three buildings with a total space of 27,000 sqm. The first building has already been completed and its commercialization rate has reached 92 percent. The GTC Group is a leading real estate company in the CEE and SEE, operating in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, and Slovakia. Additionally, it co-owns land in Ukraine and Russia and operates in the Czech Republic through its associates and joint ventures. The Group was established in 1994.