GTC reports record-setting year in Poland for 2024

GTC Group has announced a record-breaking year in Poland, achieving its best commercial leasing performance in a decade. The company leased 93,000 sq. m of office and retail space, while its shopping centers welcomed over 13 million visitors, marking a 13% year-on-year increase in tenant turnover.

GTC leased over 62,000 sq. m of office space in Poland, with new agreements and expansions accounting for more than 50% of total transactions. The strongest leasing activity was recorded in Kraków and Łódź, where GTC represented nearly 30% of all office transactions in the local market. Notable tenants included IBM at Korona Office Complex in Kraków, Polkomtel at Sterlinga Business Center, and a global ICT leader at University Business Park in Łódź.

In the retail sector, GTC’s shopping centers experienced a record-breaking footfall, with Galeria Północna welcoming nearly 7.5 million visitors and Galeria Jurajska attracting 5.6 million during its 15th anniversary year. Lease agreements covering 30,700 sq. m were signed across both centers, with new contracts and expansions totaling 2,100 sq. m, while lease renewals accounted for 28,500 sq. m. Key tenants extending leases included LPP Group, Cinema City, H&M, and RTV Euro AGD at Galeria Jurajska, while Tchibo and Zdrofit joined Galeria Północna.

“2024 was an exceptionally successful year for GTC in Poland, delivering record-breaking results,” said Agnieszka Ciupak, Managing Director of GTC Poland. “We achieved the highest leasing levels in a decade, and our shopping centers saw significant growth in visitor numbers and tenant turnover. These achievements are a testament to the hard work and dedication of our entire team.”

GTC’s success is driven by a tenant-focused strategy, effective management, and community engagement. Its office spaces have evolved into collaborative hubs, hosting events such as workshops, outdoor activities, and sustainability initiatives.

Galeria Północna strengthened its position as a leading retail destination with over 80 events, highlighting cultural, local, and ecological initiatives. Meanwhile, Galeria Jurajska played a vital role in community engagement, organizing 65 events ranging from markets and fairs to social initiatives like electronic waste collection and free mammography screenings. Its TV JuRAJSKA social media project earned a silver PRCH Retail Award.

With a record-breaking year behind it, GTC remains committed to strengthening its footprint in Poland, fostering innovation in commercial real estate, and delivering exceptional experiences for tenants and visitors alike.

Photo: Agnieszka Ciupak, Managing Director of GTC in Poland