NAME OF COMPANY
Globe Trade Center
NAME OF PRESIDENT OR MANAGING DIRECTOR FOR THE REGION
Thomas Kurzmann
PRESIDENT OR MANAGING DIRECTOR FOR THE REGION PROFILE
Thomas Kurzmann is GTC’s CEO since 2014, re-appointed by the Supervisory Board of GTC for a new 3-year term in May 2017. Thomas is a visionary who can foresee trends and take right decisions to meet the needs of potential tenants on a very specific commercial real estate market. During his presidency, GTC became the first Polish inward listed company on the main board of the Johannesburg Stock Exchange (JSE). Under Thomas’s rule GTC keeps growing, successfully expanding its solid portfolio.
REGIONS ACTIVE IN (IN WHICH COUNTRIES THE COMPANY OPERATES)
GTC operates in:
• Poland
• Sofia, Bulgaria
• Zagreb, Croatia
• Budapest, Hungary
• Bucharest, Romania
• Belgrad, Serbia
OFFICE PROJECTS INCLUDED IN PORTFOLIO
• Aeropark Business Center (Zephirus, Nothus, Corius) – 28,800 sq m
• Artico – 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
• Pixel – 14,700 sq m
• Globis Wroclaw – 16,100 sq m
• Centrum Biurowe Francuska A&B – 23,000 sq m
• Neptun Office Center – 16,100 sq m
• City Gate (2 towers) – 47,600 sq m
• Cascade Office Building – 4,200 sq m
• Premium Point – 6,400 sq m
• Sofia Tower – 10,300 sq m
• Premium Plaza – 8,500 sq m
• Advance Business Center I – 15,800 sq m
• Center Point I&II- 40,900 sq m
• Spiral – 30,600 sq m
• Duna Tower – 31,300 sq m
• GTC Metro – 16,200 sq m
• Belgrade Business Center – 17,700 sq m
• GTC House - 13,300 sq m
• 19 Avenue – 16,700 sq m
• Green Heart I-IV – 40,800 sq
• FortyOne I-III – 28,000 sq m
• Avenue Centre – 7,000 sq m
• Martix A – 10,700 sq m
• Center Point III – 6,500 sq m
MARKET VALUE OF OFFICE PROPERTIES HELD BY INVESTOR (in EUR)
EUR 1.2bn
SIZE OF THE OFFICE PROPERTIES HELD BY INVESTOR (GLA)
564,650 sq m
RETAIL PROJECTS INCLUDED IN THE PORTFOLIO
• Ada Mall – 34,200 sq m
• Galeria Jurajska – 48,700 sq m
• Galeria Północna – 64,800 sq m
• Avenue Mall (Zagreb) – 27,600 sq m
• Mall of Sofia – 22,400 sq m
MARKET VALUE OF RETAIL PROPERTIES HELD BY INVESTOR (in EUR)
EUR 849m
SIZE OF THE RETAIL PROPERTIES HELD BY INVESTOR (GLA)
198,000 sq m
WAREHOUSE PROJECTS INCLUDED IN THE PORTFOLIO
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MARKET VALUE OF WAREHOUSE PROPERTIES HELD BY INVESTOR (in EUR)
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SIZE OF THE WAREHOUSE PROPERTIES HELD BY INVESTOR (GLA)
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HOTELS INCLUDED IN THE PORTFOLIO
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MARKET VALUE OF HOTELS HELD BY INVESTOR (IN EUR)
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SIZE OF THE HOTELS HELD BY INVESTOR (GLA)
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RESIDENTIALS BUILDINGS INCLUDED IN THE PORTFOLIO
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MARKET VALUE OF RESIDENTIALS BUILDINGS HELD BY INVESTOR (in EUR)
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SIZE OF THE RESIDENTIAL BUILDINGS HELD BY INVESTOR (GLA)
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OTHER AREAS OF THE COMPANY’S OPERATIONS AND ALTERNATIVE INVESTMENT MARKETS (APARTMENTS FOR RENT, SENIOR HOUSES, STUDENT HALLS, DATA CENTRES)
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OTHER ASSETS INCLUDED IN THE PORTFOLIO
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MARKET VALUE OF OTHER ASSETS HELD BY INVESTOR (in EUR)
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SIZE OF THE ASSETS HELD BY INVESTOR (GLA)
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THE LARGEST PURCHASE TRANSACTIONS BETWEEN OCTOBER 2009 AND SEPTEMBER 2019 (THE SUBJECT OF THE TRANSACTION, ITS TOTAL TAKE UP AREA AND MARKET VALUE IN EUR)
• Mall of Sofia – EUR 92m
• Duna Tower – EUR 52m
In total GTC invested EUR 355m in purchase of assets.
ACQUISITION ACTIVITY ACROSS THE CEE REAL ESTATE MARKETS BETWEEN OCTOBER 2009 AND SEPTEMBER 2019
Over the past 10 years, GTC completed acquisitions of various office and retail properties across the CEE market. Among them there are such buildings as: Duna Tower in Budapest (31,300 sq m), Pixel in Poznań (14,700 sq m), Artico in Warsaw (7,600 sq m), Sterlinga Business Center in Łódź (13,400 sq m), Neptun Office Center in Gdańsk (16,100 sq m), Mall of Sofia (22,400 sq m), Premium Point in Bucharest (6,400 sq m), Premium Plaza in Bucharest (8,500 sq m), and Belgrade Business Center (17,700 sq m); and land plot for Galeria Północna (developed in 2017). Moreover, the developer acquired various plots for new projects in the pipeline – such as Pillar in Budapest and Zielone Tarasy in Warsaw.
Annual income and net profit
The annual income amounted EUR 130m and net profit EUR 92m.
The milestones in the company’s history over the last decade – the key events and achievements that are a measure of the company’s development and success, the scale of development, number of employees now and 10 years ago, new services, new markets etc.
Within past 10 years, GTC has grown into a leading developer and investor in the commercial real estate sector, focusing its activities in Poland and CEE capitals (Budapest, Bucharest, Zagreb, Sofia, Belgrade). The most important investments include the opening of shopping centers: Galeria Jurajska and Galeria Północna in Poland, and Ada Mall in Belgrade, development of state-of-art office building across the region: University Business Park, Łódź, Green Heart, Belgrade, White House, Budapest. GTC acquired i.a.: Duna Tower, Pixel, Mall of Sofia and Belgrade Business Center, all perfectly managed and with full occupancy and profitability under GTC’s management. Additionally, GTC sold some of its assets, incl. Galeria Mokotów (the best performing shopping mall in PL), White House and Platinium Business Park. Over the years GTC modernized its office and retail portfolio, focused on eco-friendly initiatives - over 76% of offices and 60% of retail assets are certified with LEED or BREEAM.
FUTURE PLANS
• City Rose Park 1-3 – office complex in Bucharest offering 50,000 sq m
• The Twist – office building in Budapest offering 37,000 sq m
• GTC X – office building in Belgrade offering 17,000 sq m)
• Center Point III - office building in Budapest offering 35,500 sq m
• Mikołowska office building in Katowice offering 18,000 sq m
• Matrix F – office park in Zagreb offering 55,000 sq m
• Zielone Tarasy – mixed use project in Warsaw (Wilanów) with several buildings connected by passages that would be filled with office, entertainment, commercial and cultural space.
WHY THE COMPANY DESERVES THE AWARD (IN ONE PARAGRAPH DESCRIBE THE SPECIFIC ACHIEVEMENTS OF THE COMPANY)
The GTC Group is a leading developer and investor in the real estate sector, focusing its activities on the Polish market and CEE capitals, found in 1994. Today, GTC is the owner and manager of 47 commercial buildings offering nearly 762,000 sq m of office and commercial space to its clients. GTC is an originator and developer of some of the most characteristic landmarks in CEE, such as Galeria Mokotów, Galeria Jurajska, University Business Park, White House, buildings in the popular “Mordor” district in Warsaw. GTC creates comfort space for its tenants, its buildings are rewarded by the industry and distinguished with eco-certificates. GTC’s office projects are extremely popular with tenants – 94% occupancy rate. Retail projects increase their footfall, e.g. in Galeria Jurajska H1 2019 turnover improved 7% over H1 2018. The developer is well known as a stable WSE-listed developer and one of the pillars of a WIG-Developers stock subcategory, also listed on Johannesburg Stock Exchange.
