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Name of company
GTC
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Name of President or Managing Director for the region
Gyula Nagy
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Profile of President or Managing Director for the region
On 31 August 2023 Gyula Nagy assumed the position of CEO of Globe Trade Centre S.A and member of the Board of Directors of GTC Real Estate Development Hungary Zrt. Recently, Mr Gyula Nagy was CFO and later deputy CEO and board member of Optima Investment Ltd. from April 2019 to August 2023.
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Description of company and team
72 subsidiares active in 6 countries, 224 people, including 195 FTEs and 29 consultants, 2,300 subcontractors and vendors.
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Office projects included in the portfolio
39 offices in 6 countries: Sofia Tower I&II, Advance Business Center I&II, GTC X, Duna Tower, Váci Greens D, Pillar, V188, GTC Metro, Aeropark, UBP, Artico, Globis Poznań, Globis Wrocław, Pixel, Korona Office Complex, Francuska Office Centre, Premium Plaza, Premium Point and more.
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Retail projects included in the portfolio
Galeria Północna, Galeria Jurajska, Ada Mall, Hegyvidék Office and Retail Center, Mall of Sofia, Avenue Mall.
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The value of retail properties held by investor
708000000
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Warehouse projects included in the portfolio
Brak
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PRS projects included in the portfolio
Brak
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The largest purchase transactions between July 2022 and June 2023
In August 2022, we expanded our Strategy, making investments in some new sectors. We made our first transaction under the new strategy – a joint venture investment worth EUR 115 million into a technology park project in Ireland. With this decision, GTC wanted to, among others, diversify its portfolio in new and fast-growing yet more sustainable sectors compared to traditional real estate.
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Why the company should be considered for the award
Group has undergone a transformation to strengthen the role of regional leaders who best understand local markets, which allows to respond faster and better to emerging opportunities and challenges. The Group has disposed of 4 buildings, which gave funds for next investments, and opened 4 buildings.
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Future plans
Completion of Matrix C office building in Zagreb and Center Point 3 in Budapest. Underway is the refurbishment of 40,800 sq m of Center Point I and II. Rose Hill Business Campus is to be redeveloped in 2024, and a new office building Center Point III is expected to be commissioned in Q3 of 2025.
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Company website
https://www.gtcgroup.com/
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