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Poland » Warsaw
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March
 
03.03.2010
GTC and Polnord join forces in prestigious retail project in Warsaw

• GTC and Polnord are going to jointly develop a modern mall in Warsaw/p>

• The planned shopping centre will be constructed on a 7 hectare site in Wilanów, one of the most prestigious districts of Warsaw

• Construction is planned to start in H2 2010

Globe Trade Centre S.A. (GTC) and Polnord S.A. (Polnord) have signed a term sheet of a joint venture for the development of a modern shopping centre on a 7 hectare site in Miasteczko Wilanów in Warsaw, currently owned by Polnord. The planned project will have an approximate size of 60.000 sq. m of retail area and an estimated value of over Eur 250m.

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February
 
26.02.2010
GTC delivers strong top-line growth in 2009

• Operating revenues increased by 36.5% y-o-y to EUR 156.4m

• EUR 139.4m net loss in 2009 resulted from negative revaluation of investment property and land

• High cash and deposits position - EUR 215m as of 31 December 2009

• Long-term debt to total assets maintained at a moderate level of 54%

• Only 5% of debt matures in each of the next 2 years, while 56% of debt matures in 2015 and onwards

Globe Trade Centre S.A. (GTC) has published its 2009 annual financial statements. Rental revenues increased 33.5 % y-o-y to EUR 96.2m. Such strong rental growth reflects the quality of GTC’s office and retail assets and its resilient performance despite an adverse economic environment. Gross margin from operations grew to EUR 85.2 m (+36% y-o-y). Total assets were EUR 2.6bn, while the value of investment property reached nearly EUR 2bn at the end of 2009.

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25.02.2010
Panasonic leased 1400 sq m of space in Platinium Business Park

• One of the world's biggest manufacturers of electronics will open its offices in a prestigious office complex in Warsaw

• Panasonic has rented nearly 1400 sq m of space in Platinum Business Park erected by GTC S.A.

Globe Trade Centre S.A. (GTC) has concluded office space lease transaction with the Polish branch of Panasonic. The electronics giant will occupy almost 1400 sq m in the third building of the Platinium Business Park complex in Warsaw.

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05.02.2010
Eli Alroy honoured with the CEEQA Real Estate Lifetime Achievement award

• Chairman of the Supervisory Board of GTC has been honoured with the CEE Quality Awards Real Estate Lifetime Achievement prize

• Eli Alroy has been commended for his activities in the CEE region

• Eli Alroy has been leading GTC since 1995

Eli Alroy, Chairman of the Supervisory Board of Globe Trade Centre S.A. (GTC) has been honoured with the CEE Quality Awards Real Estate Lifetime Achievement prize. The award presentation ceremony will be held on 3rd March 2010, during the CEEQA Gala at the Royal Castle in Warsaw.

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05.02.2010
65% of area in Platinium Business Park III rented to date

• GTC has leased 2,500 sq m of office space in the third building of the Platinum Business Park complex

• The new tenants are companies from the finance and advertising business

• 65% of the building’s area has been rented so far

In February this year, Globe Trade Centre S.A. (GTC) has signed lease agreements for over 2,500 sq m of office space in the third building of the Platinum Business Park complex in Warsaw. New tenants include Artegence, Bibby Financial Services and Starlink.

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05.02.2010
New stores in Galeria Jurajska

• New stores opened in Galeria Jurajska

• Bata, Camaieu, Clarks, Gino Rossi and Simple among the new tenants of Galeria Jurajska

At the beginning of the year, further renowned international and Polish brands became tenants of Galeria Jurajska. The customers can now visit the Gino Rossi shoe store and the Simple store. The Camaieu shop is going to be opened soon, along with two shoe & accessories stores – Bata and Clarks.

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January
 
26.01.2010
Petroleum industry giant picks City Gate in Bucharest

• GTC has concluded the biggest leasing deal of the last few months in Romania

• The company signed a lease agreement with Rompetrol

• Rompetrol will take more than 9,300 sq m in the City Gate office complex in Bucharest

GTC Romania - a subsidiary of Globe Trade Centre S.A. (GTC) - has signed a lease contract for over 9,300 sq m of office space in the City Gate complex in Bucharest. It was the largest rental transaction concluded recently in Romania.

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07.01.2010
New Year brings new tenants to Platinum Business Park

• The third building in Platinum Business Park has received an occupancy permit

• New tenants include Peugeot, CB Richard Ellis and Communication Unlimited

• GTC S.A. has also signed a letter of intent for the lease of 1500 sq m of office space

Globe Trade Centre S.A. (GTC S.A.) has signed lease contracts for nearly 2000 sq m of office space in Platinum Business Park in Warsaw. Another renowned international company will soon join the tenant list of Platinum Business Park.

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