GTC completes sale of GTC X office building in Belgrade for €52 Million

Globe Trade Centre (GTC), a leading real estate developer and investor in Central and Eastern Europe, has successfully completed the sale of its GTC X office building in Belgrade for €52 million. The transaction underscores the growing investor appetite for premium office properties in Serbia’s capital and marks a strategic move for GTC in optimizing its property portfolio.

Located in one of Belgrade’s prime business districts, GTC X is a modern, Class A office building recognized for its high-quality design, energy efficiency, and strong tenant mix. The property has been a key component of GTC’s Serbian office portfolio, catering to multinational corporations and leading local businesses.

The sale aligns with GTC’s strategy of capital recycling, enabling the company to reinvest in new development projects and strengthen its presence in high-growth markets. The buyer of the GTC X building has not been disclosed, but the transaction highlights the continued interest of institutional investors in Belgrade’s commercial real estate sector.

“The successful sale of GTC X reflects both the strength of our portfolio and the demand for prime office assets in Belgrade,” said Yovav Carmi, CEO of GTC. “This transaction allows us to continue delivering on our long-term growth strategy and explore new opportunities in the region.”

The Serbian office market has remained resilient, with strong demand for modern office spaces driven by the expansion of international companies and a robust business environment. Investors are increasingly drawn to Belgrade due to its strategic location, competitive yields, and growing economy.

GTC has been active in Serbia for many years, developing and managing a portfolio of high-quality office buildings that meet the evolving needs of tenants. The completion of the GTC X sale marks another significant milestone in the company’s regional operations, reinforcing its reputation as a key player in the commercial real estate sector.

The €52 million transaction represents one of the largest office property sales in Belgrade in recent years and signals continued momentum in Serbia’s real estate investment market.