Jury Awards

Name of company

GTC

Name of President or Managing Director for CEE

Gyula Nagy

Profile of President or Managing Director for the CEE 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. As of recently, Mr Gyula Nagy was CFO and later deputy CEO and board member of Optima Investment Ltd. from April 2019 to August 2023.

Portfolio of all completed properties currently held by your company

As of 30 June 2023:
POLAND - 16 office buildings located in Warsaw, Kraków, Łódź, Katowice, Poznań, Wrocław with a total gross leasable area of 196,000 sq m, 2 shopping centers (Warsaw – Galeria Północna and Częstochowa – Galeria Jurajska) with GLA of 113,000 sq m.
HUNGARY - 13 office buildings in Budapest with a total gross leasable area of 203,000 sq m, 1 shopping center (Hegyvidék Office and Retail Center) with GLA of 20,000 sq m.
BULGARIA - 4 office buildings in Sofia with a total leasable area of 52,000 sq m, 1 shopping center (Mall of Sofia) with GLA of 23,000 sq m.
ROMANIA - 4 office buildings in Bucharest with a total leasable area of 62,000 sq m.
SERBIA - 1 office building in Belgrade with a total leasable area of 18,000 sq m, 1 shopping center (Ada Mall) with GLA of 34,000 sq m.
CROATIA - 1 office building in Zagreb with a total leasable area of 7,000 sq m, 1 shopping center (Avenue Mall Zagreb) with GLA of 28,000 sq m.

Value of the projects currently held by company (in EUR)

2377000

Size of the projects currently held by company (GLA)

742000

Properties sold between July 2022 and June 2023

The Group has disposed of 4 buildings, which gave funds for next investments. In July 2022 GTC sold Cascade Office Building in Budapest. At the end of 2022, GTC closed the transaction on the sale of Matrix A and B in Zagreb. The transaction marked a return on cost exceeding 22% and was about 7% above the book value. In January 2023, GTC has sold the Forest Offices Debrecen in Hungary for EUR 49m.

Value of the properties sold between July 2022 and June 2023 (in EUR)

109000000

Size of the properties sold between July 2022 and June 2023 (GLA)

50500

Projects completed between July 2022 and June 2023

In November 2022, the Group opened GTC X office building, which has introduced 17,700 sq m of first-class office space in Belgrade. In December 2022, GTC completed Sofia Tower 2, class A office building in Sofia offering 7,800 sq m. in 2023 GTC completed two buildings in Rose Hill Business Campus in Budapest, providing new tenants with c. 4,600 sq m of A-class office space.

Value of the projects completed between July 2022 and June 2023 (in EUR)

89000000

Size of the projects completed between July 2022 and June 2023 (GLA)

30100

Projects under construction

Construction of Matrix C in Zagreb (10,500 sq m), Centre Point 3 (36,000 sq m), G-Delta Andrassy (4,000 sq m) and Rose Hill Business Campus (11,000 sq m) in Budapest has commenced.

Value of the projects in progress (in EUR)

72000000

Size of the projects in progress (GLA)

61000

Projects in the pipeline

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.

Please say why your company should be considered for the award

GTC manages a commercial real estate portfolio of 45 buildings providing ca.742k. sq m of lettable office and retail space across CEE (39 offices offering 538k sq m). The last 12 months have been busy for GTC: the new strategy has been introduced, new regional leaders have been added to the team, 4 office buildings have been sold and 4 office buildings completed. GTC has constantly been improving the quality of the office space in its portfolio. 8 buildings in Poland received “Building without Barriers” certificates and 13 assets in Croatia and Hungary access4you® certificates. In 2023 CenterPoint I&II, GTC X, Mall of Sofia, Sofia Tower I&II got LEED Gold certification and 7 buildings recertified with BREEAM. 90% of GTC’s assets are green certified. All properties in Poland, Romania, Hungary, and Croatia, as well as the Advance Business Center I&II office buildings in Bulgaria, use green energy.

Company website

https://www.gtcgroup.com/