ARTICLES LABELLED WITH TAG GTC

GTC has summarized its performance in Poland in 2024. The company achieved satisfactory results in the commercial sector, leasing 93,000 sqm, marking the best performance of the last decade. GTC's shopping centres also reported equally good operational results - tenant-generated turnover increased by 13% year-on-year, while the number of visitors exceeded 13 million.

Digital hospitality platform Numa Group and GTC have announced their launch in Hungary with a flagship property in central Budapest. 

GTC has raised €82 million from the sale of two assets in Poland and Croatia as part of a strategy designed to strengthen its financial position.  

GTC Group’s management board has announced the acquisition of a residential portfolio in Germany, currently held by Peach Property Group. The portfolio is spread around the cities of Kaiserslautern, Helmstedt, and Heidenheim. It comprises 5,165 residential, 47 commercial units, 71 other units, and 2,108 parking units with a total leasable area of 324,167 sqm. GTC said the portfolio has an adjusted property value of approximately €448 million based on full ownership.

GTC Group has announced a consolidated net profit of €21.2 million for the second quarter of 2024, marking a significant turnaround from the €23.2 million loss reported during the same period last year. The company’s net profit from operations reached €33.5 million -  a also a significant improvement compared to the €20.9 million loss recorded y-to-y.

GTC has presented the summary of its activities in Poland in the first half of 2024. Over 35,400 sqm of office space was leased across ten buildings in Poland's largest cities. GTC’s properties attracted 14 new partners, and 18 companies chose to extend their leases.

GTC posted €9.3 million consolidated net profit attributable to shareholders of the parent company in Q1 2024 against €11.2 million profit a year earlier, the company announced.

Coworking space operator betahaus has opened its first hub in Bucharest, marking its entrance in Romania. The company has leased space in the Premium Plaza office project owned by GTC in central Bucharest.

Indotek is transferring the management of the Gordius Private Equity Fund to fellow Hungarian investor Diófa Fund Management, which will also take over the Belgrade office portfolio held by Indotek, Portfolio.hu reports. Indotek Group said it will use the funds released by the portfolio restructuring to finance domestic and international acquisitions. The company also announced that it had acquired a significant part of the Vörösmarty shopping complex in Budapest at the end of the year.

Real estate investor and developer GTC has recorded a like-for-like rental revenue growth of 6% in the first nine months of 2023 compared to the same period of last year. At the same time, the gross margin from rental activity slightly rose to €92 million.