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.

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