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Related news

GTC: All the Romanian portfolio uses green energy, starting 2021

GTC, one of the leading real estate companies in Central and Eastern Europe, announced that, starting 2021, all its Romanian portfolio uses renewable energy sources. The green energy that powers the office projects owned by the company locally is certified by guarantees of origin. This is part of the company’s commitment to ensuring accessible and clean energy in all its properties across Europe. Another stage of GTC’s strategy to protect the environment focuses on improving its assets by achieving the highest certification degrees on the market.

The GTC Group reports rental income of € 124 million in the first nine months of 2021

GTC, one of the largest real estate developers in Central and Eastern Europe, reported revenues from leases of 124 million euros in the first nine months of 2021, up from 122 million euros in the same period last year. The gross margin from the rental activity is also on an upward curve, reaching 93 million euros, compared to 91 million euros, as recorded in the first three quarters of 2020.

Best Value moves its headquarters to GTC - CityGate

GTC Romania welcomes a new tenant - the retail group Millennium Pro Design, which operates under the Best Value brand, will move its headquarters in Romania to the City Gate building. The company will occupy over 1,600 m2 within the South Tower of the office complex in Bucharest. The move of Best Value to the City Gate building will take place by the end of the third quarter of 2021.

GTC Invests 89 Million Euros In its Newest Office Project In Bucharest, City Rose Garden

Globe Trade Center (GTC) recently bought a 15,000-square-meter plot of the 6 ha owned by Bluehouse Capital in the area of Bucharest’s Expozitiei Blvd.

GTC buys the Cascade Office Building in Victoriei Square, Bucharest

Real estate company GTC (Global Trade Center), the owner of the City Gate project in Bucharest’s Presei Square, bought from Adval Properties the office project Cascade Office Building on Buzeşti Street, near Victoriei Square, according to market data.

GTC sells its last two malls in Romania, after buying two office buildings

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, has signed preliminary sale agreements for its last two malls owned in Romania, Galleria Arad and Piatra Neamţ, following the sale of other two malls in the recent years.

Telekom stays five more years in City Gate offices in Bucharest, breaking a deal signed in 2014 Globalworth

Bogdan Jigman, general manager of GTC, together with, CEO Telekom Romania, have signed on Wednesday the renewal of the lease agreement in City Gate building from Piata Presei in Bucharest for another five years, thus breaking the deal signed in November 2014 Telekom and businessman Ioannis Papalekas, owner of Globalworth.

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.

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