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…

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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…

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March 2022

GTC appoints Zoltan Fekete as President of the Management Board

Zoltán Fekete was appointed the President of the Management Board of GTC. Previously, he has served the company as the Chairman of The Supervisory Board for two fruitful years. In the new role, Mr Fekete will steer all GTC’s operations in the region. Zoltán Fekete has been associated with GTC since July 2020. As Chairman of the Supervisory Board, he actively participated in strengthening the name of GTC as an industry leader in the CEE commercial real estate development market. What is more, Zoltan’s proven track record in investment banking and private equity contributed to reinforcing GTC’s reputable image in the eyes…

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February 2022

GTC announces new tenants and lease prolongations in its Romanian projects

GTC announces the leasing of 1,618 sqm, located in two of its emblematic projects in Bucharest, City Gate and Premium Plaza. Also, the developer extended the lease contracts with other two companies that together occupy 1,510 sqm of office spaces, in City Gate. ZIM Integrated Shipping Services is an international cargo services company that will relocate its Romanian offices to City Gate South Tower. Bachmann Romania, a company that operates in the electrical engineering sector, will occupy the ground floor of the complex. The new tenants will move into their new offices in the first quarter of 2022. One of…

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January 2022

Ziv Gigi, Director General GTC România: “Am reușit să menținem gradul de ocupare la același nivel ridicat pe care îl aveam la sfârșitul anului 2020”

Ce cuvânt caracterizează cel mai bine anul 2021? Cred că, pentru sectorul spațiilor de birouri, cuvântul care descrie cel mai bine 2021 este „hibrid” ca în „sistem de lucru hibrid”. Anul 2021 a fost despre navigarea în noua normalitate și revenirea, în siguranță, la birouri. Această tendință se vede pe toate piețele, deoarece oamenii trebuie să revină, cel puțin parțial, la rutina lor. Am discutat despre această situație cu chiriașii noștri din România și din țările în care activăm și toți ne-au spus că angajații lor și-au exprimat nevoia de a începe să interacționeze între ei offline. În același timp,…

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