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Related news

GTC paid EUR 18.1 million to be sole owner of City Gate Northern Bucharest

Real estate developer GTC took over the entire office project City Gate in Piața Presei Libere from Bucharest, through the acquisition of 41.1 pct. of the shares, owned by the Cyprus investment Bluehouse Capital, for EUR 18.1 million.

GTC plans to invest EUR 33 mln in two real estate projects in Bucharest

Polish real estate developer Globe Trade Centre (GTC) aims to draw from shareholders at least EUR 144 million through a capital increase to finance new investments, including two projects in Bucharest, valued at about EUR 33 million.

Value of GTC’s Romanian assets goes down by EUR 36 mln

Real estate developer GTC’s Romanian assets devalued last year by more than EUR 36 million. These include the office complex City Gate in northern Bucharest and its two retail gallerias in Arad and Piatra Neamt.

GTC negotiates the takeover of three office buildings

Real estate company GTC, the developer of project in Bucharest such as America House in Piaţa Victoriei or the towers City Gate in Piaţa Presei, is analyzing the possible acquisition of three office buildings in Bucharest, two of them owned by companies of bank group Volksbank.

GTC registered revenues growth from renting commercial centres in Romania

Real estate developer GTC reported EUR 2.8 million from renting the three commercial centres in Romania, with 7 pct growth compared to the same level in 2013, on the background of a slight increase of the average rent and announced that it gave up some new developments, Romania included.

GTC’s new owners want to start or buy new projects in Romania, target office developments

Improving the results of the shopping centers it owns in Romania is the short term objective of Polish real estate developer Globe Trade Center (GTC) after it was taken over by Lone Star Funds, but the company is also looking at starting or buying projects in incipient phases, especially in the office segment, announced GTC representatives.

Shimon Galon left GTC after 15 years

„In two-three weeks I will launch my own business. I have no regrets. There are not many people in the real estate market with my accomplishments.“

GTC sells off malls

Globe Trade Centre has entered into an agreement to sell three shopping centres in Buzău, Piatra Neamț and Suceava, which have been valued at between EUR 6-7 mln.

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