GTC wants to expand, shareholders vote ‘no’ on new offering

Developer Globe Trade Center is eying “various opportunities” of investing and growth in CEE and SEE and is expecting shareholders’ support to take them, said Thomas Kurzmann, CEO of GTC. “We remain optimistic about increasing our retail real estate portfolio in these regions,” Kurzmann said. “We must concentrate on further growth right now. Our two retail projects in Warsaw, Galeria Wilanów and Galeria Północna, have attracted major tenants, including the LPP group, Carrefour and H&M,” he added. Earlier on October 13, at an EGM, the company’s shareholders rejected the proposal of another shares issue to raise funds for acquisitions in the region.