July 2022

Globe Trade Centre sells Cascade Office Building

Bucharest, 28th July 2022: Globe Trade Centre has sold its A-class Cascade Office Building in Bucharest to the Hungarian Crown Holding Kft. making a healthy profit of close to 20% or EUR 1.6 million on the transaction since its acquisition in 2017. The selling price of the property was EUR 10.1 million. Cascade Office Building is one of Bucharest’s iconic office projects, located in the key part of the city at Strada Buzești 62-64 - a 7-minute walk from Victoriei Square and a 20-minute drive from Henri Coandă International Airport. The 4,210 sq m building was delivered in 2005 and is highly appreciated…

read more »

July 2022

2021 ESG report: GTC reduced its carbon footprint by 62% in Romania

2021 ESG report: GTC reduced its carbon footprint by 62% in Romania   Bucharest, July 2022: GTC reduced greenhouse gas emissions of its office building by 62% in Romania and by 44% in Poland, according to the latest ESG report published recently by the Group. Reports second edition highlights that 88% of GTC's portfolio is environmentally certified and the success of GTC Group’s “green” eurobonds in 2021. The report brings industry-unique data on GTC’s engagement in sustainable development, responsible construction and asset management, collaboration with local communities and responding to stakeholders’ expectations. In the last year, GTC has significantly improved its…

read more »

June 2022

Ziv Gigi este noul Country Manager al GTC România și Bulgaria

Varșovia, 15.06.2022. GTC continuă strategia de consolidare a grupului, prin promovări interne, cu numirea lui Ziv Gigi în poziția de Country Manager Bulgaria, unde va fi responsabil pentru toate operațiunile pieței locale, în completare față de rolul său de Country Manager România. Cu peste 15 ani de experiență pe piețele imobiliare din Europa Centrală și de Est, Ziv Gigi a dezvoltat și gestionat pentru GTC proiecte de birouri și retail de peste 450.000 mp. După ce și-a început cariera la GTC, în 2008, acesta a promovat ca CFO pentru Bulgaria și Serbia, obținând astfel experiența necesară pentru a fi nominalizat…

read more »

April 2022

GTC records net profit of 43 million in 2021

In 2021, GTC recorded an adjusted EBITDA of €113 million (€105 million in 2020) with the net profit amounting to €43 million in 2021 (€71 million loss in 2020). This mainly resulted from a strong operating performance combined with lower loss from revaluation/impairment of assets by €130 million, partially offset by an increase in finance cost by €8 million and recognition of tax expenses of €14 million.   2021 financial highlights Gross margin from rental activity at €128 million in 2021 (€119 million in 2020) Adjusted EBITDA at €113 million in 2021 (€105 million in 2020) FFO at €74 million…

read more »

March 2022

GTC announces Webhelp lease prolongation in Romania

GTC announces the lease prolongation by Webhelp Romania for approximately 5,000 sqm in Premium Plaza, GTC’s emblematic project in Bucharest. The company has decided to stay in Premium Plaza for additional three years, after being with GTC for eight years already. “I am happy to be able to provide our tenants with everything they need. Our anchor tenant Webhelp’s continuing trust in us is the best proof that GTC is not only a building owner, but a partner in their business journey. With Webhelp invested in being a company that puts great value on their employees, we met their needs…

read more »