Name of company
Globe Trade Centre (GTC)
Name of President or Managing Director for the region
Zoltan Fekete
President or Managing Director for the region profile
Zoltan Fekete leads GTC as the President of the Management Board and CEO since March 2022, however he has been associated with the company 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. Mr. Fekete is distinguished by extensive knowledge of the European real estate market and an ability to strengthen GTC position through M&A transactions.
Regions active in (in which countries the company operates)
In order to take full advantage of local markets’ opportunities, GTC strategy assumes operating in major cities in Poland and CEE capitals Budapest, Belgrade, Bucharest, Zagreb and Sofia. Eastern European region allows GTC to seize opportunities in improving macroeconomic and property market conditions. Each market is managed by the experienced local team. It also allows to be efficient and conclude successful deals, such as purchase of buildings in Hungary (EricssonHQ, evosoft HQ, V188 office building, Hegyvidék Retail and Office Centre in Budapest and Forest Offices), completion of the landmark office building Pillar or modernization of Zephirus (Warsaw)and Globis Poznań. GTC is also modernizing the Center Point I&II office building and redeveloping of 14 700 sq m office space in Rose Hill Business Campus (Hungary). The current portfolio of buildings under construction also includes Sofia Tower 2 and Matrix C, which will be completed successively this year and next, respectively.
Portfolio of all properties currently held by your company
GTC actively manages a commercial real estate portfolio of 45 buildings providing ca. 763 ths. sq m of lettable office and retail space in Poland, Hungary, Bucharest, Belgrade, Zagreb and Sofia. The projects are adjusted to demanding requirements of the LEED and BREEAM certificates to meet the highest standards in terms of their design and construction. 88% of all GTC assets have received a green certificate. Those data prove the high engagement of the company in raising the sustainable attitude in the commercial real estate industry. The full list of projects can be found under the following link: https://gtc.com.pl/projects/
Office projects included in the portfolio
Poland:
· Aeropark Business Centre (Zephirus, Nothus, Corius), 28 800 sq m
· Artico (Warsaw), 7 600 sq m
· Korona Office Complex (Galileo, Newton, Edison, Pascal), 38 250 sq m
· Sterlinga Business Center, 13 400 sq m
· University Business Park A&B, 40 400 sq m
· Globis Poznań, 13 800 sq m
· Globis Wrocław, 16 100 sq m
· Pixel, 14 300 sq m
· Francuska Office Centre A&B, 23 000 sq m
Bucharest:
· City Gate, 47 600 sq m
· Cascade Office Building, 4 200 sq m
· Premium Point, 6 400 sq m
· Premium Plaza, 8 500 sq m
Sofia:
• Sofia Tower, 10 300 sq.m
• ABC I, 16 000 sq m
• ABC II, 17 800 sq m
Budapest:
• Center Point, 40 900 sq m
• Duna Tower, 31,300 sq m
• GTC Metro, 16 200 sq m
• Pillar, 29 100 sq m
• V188, 15 000 sq m
• Ericsson HQ, 21 100 sq m
• evosoft Hungary Ltd. HQ, 20 700 sq m
• Vaci Greens D, 15 650 sq m
• Váci 173-177, 6,400 sq m
• Döbrentei, 2,300 sq m
Dobrecen:
• Forest Office, 24 900 sq m
Zagreb
• Avenue Centre, 7 000 sq m
• Matrix A,10 800 sq m
• Matrix B, 10 700 sq m
The value of office properties held by investor (in EUR)
EUR 1 330m
Retail projects included in the portfolio
In the retail sector, GTC owns five shopping centers offering nearly 220,000 sq m of modern space: Ada Mall in Serbia, Galeria Jurajska in Częstochowa, Galeria Północna in Warszawa, Avenue Mall in Zagreb and Mall of Sofia in Sofia. Adjusted to demanding requirements of the LEED and BREEAM certificates, GTC’s projects meet the highest standards in terms of their design and construction.
• Ada Mall (Belgrade, Serbia), 34 600 sq m
• Galeria Jurajska (Częstochowa, Poland), 48 700 sq m
• Galeria Północna (Warszawa, Poland), 64 800 sq m
• Avenue Mall (Zagreb, Croatia), 34 700 sq m
• Mall of Sofia (Sofia, Bulgaria), 22 700 sq m
• Hegyvidék Office and Retail Center (mixed-use project) (Budapest, Hungary), 6 400 sq m
The value of retail properties held by investor (in EUR)
EUR 721m
Warehouse projects included in the portfolio
n/a
The value of warehouse properties held by investor (in EUR)
n/a
The largest purchase transactions between October 2020 and June 2022 (subject of the transaction, its total take up area and value in EUR)
During 2021, GTC made a number of acquisitions in the Hungarian market with a total of 6 buildings - 5 office buildings and one mix-used (Ericsson HQ and evosoft Hungary HQ, Vaci Greens D, Forest Offices, V188 and Hegyvidék Retail and Office Centre). Total take up area amounted ca. 103 000 sq m, and the value of these transactions was EUR 310m. This transaction has been in line with the strategy of refreshing the developer’s portfolio to newer, more modern and green office buildings in the CEE r
Future plans
The GTC strategy is based on 3 pillars: value-added acquisitions which provide tangible potential through re-letting and improvement of indicators such as occupancy and rental upside as well as converting ongoing projects into income-generating properties and selling non-core assets to unlock equity for new investments. This approach ensures stable growth for GTC and appeared to be a great solution. An important aspect of the company's activities is the sustainable mindset and focus on ecological solutions which were introduced by GTC already a few years ago. Hence, 88% of all buildings have green certificates. GTC's upcoming plans include completing Sofia Tower 2 in 2022 and Matrix C in 2023. GTC is also modernizing the Center Point I&II office building and redeveloping of 14 700 sq m office space in Rose Hill Business Campus (Hungary). When it comes to pipeline, GTC will focus on office development - construction of Advance Business Centre III (Sofia) and Center Point 3 (Budapest).
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
Over the past years, GTC has grown into a leading developer and investor in the commercial real estate sector, focusing on the Polish market and five CEE capitals. Due to the sustainability-focused strategy of the investor, 88% of GTC projects are rewarded by the industry and distinguished with BREEAM or LEED certificates. For many years, GTC has been guided by those principles at every stage of the business: from purchasing new properties, through planning and implementing new ones, to modernizing existing ones. In this respect, GTC is ahead of market trends - already several years ago the company sought to optimize its properties so that they coexist with the natural environment and meet the sustainable standards. GTC is a trusted partner and investor, as evidenced by its thoughtful investment activities and strong financial performance. To sum up, GTC during this period (October 2020 to June 2022) invested EUR 122 m in total on existing projects and those under construction.
Company website
https://gtc.com.pl/
