Majority shareholder Lone Star (LSREF III GTC Investments B.V.) has informed developer Globe Trade Center (GTC) that it is considering the sale of entire 61.1 percent stake in the company. Lone Star appointed J.P.Morgan and UBS to assist them in this strategic review.
Lone Star purchased the majority stake in GTC in 2015. The investor’s stake is now valued at around €600 million (PLN 2.5 billion).
The value of GTC's real estate portfolio on December 31st 2017 came to €1.958 billion which compares to €1.624 billion at the end of 2016.
