GTC expands asset base by 20% in 2016

GTC expands asset base by 20% in 2016

Published at: 2017-03-20 10:20 | Author: CIJEurope.com
Strengthening its position in the CEE and SEE regions, GTC expanded its asset base by 20 percent to €1.261bn in 2016 by investing €140m in office properties and completing several projects. GTC’s latest acquisitions and efficient refinancing include: Pixel in Poznań, Premium Plaza and Premium Point in Bucharest, Neptun Office Center in Gdańsk, Sterlinga Business Center in Łódź, Forty One II in Belgrade as well as University Business Park B in Łódź.
“GTC delivered solid results in 2016, several value-accretive acquisitions and completions of office projects contributed significantly to NAV and NOI growth. We will deliver a strong performance over the next years to come as our income-generating portfolio will expand and boost rental income through further accretive acquisitions and the completion of development projects,” said Thomas Kurzmann, GTC’s CEO. The company currently has 139,000 sqm of retail and office space under construction and an additional 181,000 sqm in planning stage.

Similar Stories:

GTC wins big at 2nd CIJ Awards Serbia
The second annual CIJ Awards Serbia took place at the Hyatt Regency Belgrade before an ent  »
Savills to manage M7’s Polish portfolio
M7 Real Estate has appointed Savills manager of five of its properties in Poland. The port  »
Chariot Top Group BV acquires Polish retail portfolio
Chariot Top Group BV, co-managed by Griffin Real Estate through its subsidiaries, signed a  »
Benson Elliot acquires assets in key Polish regional markets
UK private equity real estate fund manager Benson Elliot has purchased four grade A office  »
ČS nemovitostní fond (CSNF), managed by REICO investiční společnost České spořitel   »
Zeitgeist Asset Management has made its opening move in Poland with the acquisition of two   »
“We forecast at end of the first quarter that 2016’s record-breaking €12.2bn of inve   »
Czech investor Tomáš Fiala, owner of the Ukrainian group Dragon Capital in 2014, sold th   »