Acquisition of Ericsson Headquarters and the evosoft Headquarters office buildings in Budapest.
GTC complemented the existing portfolio of modern, eco-friendly office properties in the Hungarian capital with two A-class office projects, confirming the company’s dedication to operate green, quality projects on the CEE markets.
Both buildings are conveniently located in the southern part of Buda on the Danube riverbank. One of the most modern office buildings in Hungary, the Ericsson Headquarters (Ericsson) comprises 21,100 sq m of A-class lettable space, including high-tech and high-end finishes and solutions contained in offices, laboratory, canteen and 500 underground parking places. This fully leased building is home to one of the Swedish company’s largest R&D centres. It was also awarded the LEED ‘Gold’ certification confirming pro-environmental solutions applied to meet various needs of the tenant. the evosoft Headquarters (Univerzum) office building is WING’s newest property development project delivered in late 2020. It brings 20,700 sq m of modern space housing research and development functions and providing employees with a sustainable 21st-century working environment. It is fully leased and LEED Gold certified.
| Seller, plus brief information about the company |
Winmark Ingatlanfejlesztő Kft (WING) is one of Hungary’s biggest real estate development and investment companies as well as a key player in the regional real estate market. As a privately owned Hungarian real estate company, WING is committed to creating value through projects of high architectural quality, which contribute to the development of the built environment. WING is active in all segments of the real estate market, including offices, industrial and logistics properties, retail projects, hotels and residential developments. WING is the majority owner of Poland’s largest real estate developer, Echo Investment. WING accounts for 1.6 billion EUR worth of investment, over 52 completed buildings, 730 000 sq m of developed area (GLA) and 1 080 000 sq m (GBA). |
| Purchaser, plus brief information about the company |
The GTC Group is a leading real estate investor and developer focusing on Poland and capital cities in Central and Eastern Europe. During 25 years of its activity, GTC has developed 77 high standard, modern office and retail properties with a total area of approx. 1.4 million sq m through Central and Eastern Europe. GTC now actively manages a commercial real estate portfolio of 45 commercial buildings providing ca. 763 ths. sq m of lettable office and retail space in Poland, Hungary, Bucharest, Belgrade, Zagreb and Sofia. In addition, GTC has a development pipeline of approx. 460 ths. sq m retail and office properties in capital cities of Central and Eastern Europe, 51 ths. sq m under construction. GTC S.A. is listed on the Warsaw Stock Exchange and inward listed on the Johannesburg Stock Exchange. Currently, 88% of GTC properties have environmental certification, valued at EUR 1.7 billion. |
|
Seller, plus brief information about the company
Winmark Ingatlanfejlesztő Kft (WING) is one of Hungary’s biggest real estate development and investment companies as well as a key player in the regional real estate market. As a privately owned Hungarian real estate company, WING is committed to creating value through projects of high architectural quality, which contribute to the development of the built environment. WING is active in all segments of the real estate market, including offices, industrial and logistics properties, retail projects, hotels and residential developments. WING is the majority owner of Poland’s largest real estate developer, Echo Investment. WING accounts for 1.6 billion EUR worth of investment, over 52 completed buildings, 730 000 sq m of developed area (GLA) and 1 080 000 sq m (GBA).
|
|
Purchaser, plus brief information about the company
The GTC Group is a leading real estate investor and developer focusing on Poland and capital cities in Central and Eastern Europe. During 25 years of its activity, GTC has developed 77 high standard, modern office and retail properties with a total area of approx. 1.4 million sq m through Central and Eastern Europe. GTC now actively manages a commercial real estate portfolio of 45 commercial buildings providing ca. 763 ths. sq m of lettable office and retail space in Poland, Hungary, Bucharest, Belgrade, Zagreb and Sofia. In addition, GTC has a development pipeline of approx. 460 ths. sq m retail and office properties in capital cities of Central and Eastern Europe, 51 ths. sq m under construction. GTC S.A. is listed on the Warsaw Stock Exchange and inward listed on the Johannesburg Stock Exchange. Currently, 88% of GTC properties have environmental certification, valued at EUR 1.7 billion.
|
