HOME     SUBSCRIBERS     TRADE     PRODUCTS & SERVICES    
About Sharenet
Enter any share name or code:    

10-Sep-2018
(Official Notice)
With reference to current report No. 14/2014 dated 11 March 2014 and current report No. 3/2018 dated 12 March 2018, the management board of Globe Trade Centre S.A. (the ?Issuer? or the ?company?) announced that 20 000 bearer, unsecured bonds issued in 2014 in uncertified form, ISIN PLGTC0000177, with a nominal value of PLN 10 000 each and with a total nominal value of PLN 200 000 000 (the ?bonds?) were subject to partial redemption in 1/3 of their nominal value on 10 September 2018, in accordance with and on the basis of the terms and conditions of the bonds.



Following the partial redemption, the interest amount on the bonds will be calculated taking into account the nominal value of each Bond, as decreased by the redemption amount to PLN 3 333.34. The bonds will be subject to further partial redemption in 1/3 of their original nominal value on 11 March 2019 (date of full redemption).
05-Sep-2018
(Official Notice)
The management board of the company informed that on 4 September 2018 received a written statement of GTC Dutch Holdings B.V., with its registered seat at Herikerbergweg 238, Luna Arena 1101 CM Amsterdam, the Netherlands, (the ?Entitled Shareholder?), according to which the Entitled Shareholder, pursuant to sections 9.1.a), 9.1b) and 9.1c) of the articles of association of the company appoints Mr. Philippe Couturier as a member of the supervisory board of the company, effective immediately.



Pursuant to its statement and the deposit certificate attached thereto, the Entitled Shareholder holds 298 575 091 shares in the company, which constitute 61.75% of the company?s share capital and entitles the holder thereof to 61.75% of the votes at the general meeting of the company.



Philippe Couturier is chief executive officer Europe of Hudson Advisors and has more than 20 years of experience with real estate investments throughout Europe. As managing director he oversees the investment advice given by Hudson Advisors European asset management entities to their clients and directs the underwriting, financing and asset management of all Lone Star investments in Europe. Prior to joining Hudson Advisors, Mr. Couturier held various positions for Archon Group (Goldman Sachs Group) in Europe, ultimately serving as head of acquisition and loan asset management.



Mr. Couturier holds a degree in business and administration from INSEEC, Paris.



According to his statement, Mr. Couturier is not entered in the register of insolvent debtors maintained in compliance with the Act on the National Court Register dated 20 August 1997, does not perform any activities outside of the company?s business which could be considered competitive with respect thereto, does not participate in any competitive business either as a partner in a civil partnership or any other type of partnership, and is not a member of the authorities of any competitive company or any other competitive entity.
23-Aug-2018
(C)
Rental revenue increased to EUR53.4 million (2017: EUR43.5 million). Gross margin from operations grew to EUR54.8 million (2017: EUR43 million). Profit attributable to equity holders of the company lowered to EUR45.6 million (2017: EUR59.6 million). Furthermore, basic earnings per share lowered to EUR10 cents per share (2017: EUR13 cents per share).
01-Aug-2018
(Official Notice)
The management board of Globe Trade Centre S.A. (the ?Company?) hereby informs that pursuant to notification received on 30 July 2018 from LSREF III GTC Investments B.V. on decreasing its direct shareholding in the Company to zero, the mandates of Mr. Alexander Hesse, Mr. Olivier Brahin, Mrs. Katharina Schade, MR. Philippe Couturier and Mr. Jan-Christoph D?dden as a supervisory board expired pursuant to Article 9 point 2 of the Company?s Articles of Association..



The management board of the Company hereby informs that on 31 July 2018 received a written statement of GTC Dutch Holdings B.V., with its registered seat at Herikerbergweg 238, Luna Arena 1101 CM Amsterdam, the Netherlands, (the ?Entitled Shareholder?), according to which the Entitled Shareholder, pursuant to sections 9.1.a), 9.1b) and 9.1c) of the articles of association of the Company appoints Mr. Alexander Hesse, Mr. Olivier Brahin, Mrs. Katharina Schade and Mr. Jan-Christoph D?dden as a members of the supervisory board of the Company, effective immediately.



Pursuant to its statement and the deposit certificate attached thereto, the Entitled Shareholder holds 298 575 091 shares in the Company, which constitute 61.13% of the Company?s share capital and entitles the holder thereof to 61.75% of the votes at the general meeting of the Company.
19-Jul-2018
(Official Notice)
With reference to current report No. 17/2018 of 13 July 2018, the Management Board of GTCSA announces that on 19 July 2018, it received communication No. ONP/2018/088 from the Operations Department of Krajowy Depozyt Papier?w Wartociowych S.A. (the ?KDPW?, i.e. the Polish National Depository for Securities), which states that pursuant to resolution (statement) No. 439/2018 of the KDPW dated 12 July 2018, on 23 July 2018 the KDPW will register 13 233 492 (thirteen million, two hundred thirty-three thousand, four hundred and ninety-two) shares in the Company which have been assigned the following ISIN code: PLGTC0000037.
19-Jul-2018
(Official Notice)
The management board of GTCSA announced that on 18 July 2017 the management board of the Warsaw Stock Exchange (Gieda Papier?w Wartociowych w Warszawie S.A., the ?GPW?) adopted following resolution No. 776/2018 regarding the admission and introduction to stock exchange trading on the main market of the GPW of 13 233 492 (thirteen million, two hundred thirty-three thousand, four hundred and ninety-two) ordinary bearer series M shares in the Company with a nominal value of PLN0.10 (ten groszy) each (the ?Series M Shares?), according to which the management board of the GPW stated that the Series M Shares are admitted to trading on the main market and resolved to introduce them to stock exchange trading on 23 July 2018 in accordance with the standard procedure, provided that such shares are registered by the Polish National Depositary for Securities (Krajowy Depozyt Papier?w Wartociowych) on 23 July 2018 and are assigned code PLGTC0000037.



The above-mentioned resolution entered into force on the date of its adoption.
13-Jul-2018
(Official Notice)
The Management Board of Globe Trade Centre Sp?lka Akcyjna (the ?company?) announced that on 12 July 2018 the Polish National Depositary for Securities (Krajowy Depozyt Papier?w Wartosciowych S.A., the ?KDPW?) issued statement No. 439/2018 (the ?Statement?) regarding the conclusion with the company of an agreement on the registration of 13 233 492 (thirteen million, two hundred and thirty-three thousand, four hundred and ninety-two) series M ordinary bearer shares in the company, each with a nominal value of PLN 0.10 (ten groszy) (the ?Series M Shares?). Pursuant to the Statement, the KDPW agreed to register 13 233 492 (thirteen million, two hundred thirty-three thousand, four hundred ninety-two) Series M Shares and to assign such shares the ISIN code PLGTC0000037, provided that such shares are introduced to trading on the same regulated market on which the remaining shares in the company marked with the ISIN code PLGTC0000037 are traded.



The registration of the Series M Shares with the KDPW will be effected in connection with the closing of the accounts maintained for the rights to shares (prawa do akcji) marked with the ISIN code PLGTC0000284 within three days of the receipt by the KDPW of the documents evidencing the decision of the entity operating the regulated market regarding the introduction of the above-mentioned shares to trading on the same regulated market on which the remaining shares in the company marked with the ISIN code PLGTC0000037 are traded; however, no earlier than on the date indicated as the date of the introduction of such shares to trading on the regulated market. The information on the registration of the Series M Shares will be made public by way of an announcement issued by the KDPW.
06-Jul-2018
(Official Notice)
The Management Board of Globe Trade Centre Sp?ka Akcyjna (the ?company?) announced that on 5 July 2018, the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, registered the amendment to the company?s articles of association introduced by way of resolution No. 17 of the Ordinary General Meeting of the company dated 17 May 2018 regarding the increase of the company's share capital through the issuance, solely to certain shareholders of the company as of the dividend record date, of ordinary series M bearer shares, the exclusion of all of the pre-emptive rights of the existing shareholders to all of the series M shares, the amendment of the company's statute, the application for the admission and introduction of the series M shares and/or rights to the series M shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of the series M shares and/or rights to the series M shares.



Moreover, the Management Board of the company presents the amendments introduced to the company?s articles of association.



The following is the new wording of Article 6 section 2 of the company?s articles of association introduced on the basis of resolution No. 17 of 17 May 2018 of the Ordinary General Meeting of the company and the statement of the company's Management Board dated 11 June 2018 regarding the clarification of the share capital of the company:
13-Jun-2018
(Official Notice)
The Management Board of GTCSA (the ?Company?) announced that the private subscription of Series M ordinary bearer shares (the ?Series M Shares?) has been completed.



The Series M Shares were subscribed for pursuant to Resolution number 17 of the Ordinary General Meeting of the Company dated 17 May 2018 regarding the increase of the Company's share capital through the issuance, solely to certain shareholders of the Company as of the dividend record date, of ordinary series M bearer shares, the exclusion of all of the pre-emptive rights of the existing shareholders to all of the series M shares, the amendment of the Company's statute, the application for the admission and introduction of series M shares and/or rights to series M shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of series M shares and/or rights to series M shares ( the ?Resolution on the Share Capital Increase?).
25-May-2018
(Official Notice)
Reference is made to current report No. 10/2018 of 17 May 2018. The management board of Globe Trade Centre S.A. (the ?Company?) announces that the issue price of one Series M Share shall amount to PLN 8.58. The issue price of one Series M Share was determined as the arithmetic average of the daily volume-weighted average prices of the shares in the Company on the main market of the Warsaw Stock Exchange in the period of the 10 session days prior to 25 May 2018, i.e. the dividend date determined in resolution No. 5 of the annual general meeting of the Company of 17 May 2018 (the ?Dividend Record Date?) (the ?Dividend Resolution?) of PLN 8.91, decreased by the amount of the dividend per share indicated in the Dividend Resolution of PLN 0.33.



The issue price of the Series M Shares was determined in accordance with ?1 section 4 of resolution No. 17 of 17 May 2018 regarding the increase of the Company's share capital through the issuance, solely to certain shareholders of the Company as of the dividend record date, of ordinary series M bearer shares, the exclusion of all of the pre-emptive rights of the existing shareholders to all of the series M shares, the amendment of the Company's statute, the application for the admission and introduction of the series M shares and/or rights to the series M shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of the series M shares and/or rights to the series M shares (the ?Issue Resolution?).



The management board of the Company also announces that on 25 May 2018, acting pursuant to the powers granted pursuant to ?3 section 1 of the Issue Resolution, it determined the timing and the terms of the Company?s submission to the Eligible Shareholders of offers to acquire the Series M Shares. The Company?s management board authorised Bank Zachodni WBK S.A. to represent the Company in any contacts with investors in connection with the issuance of the Series M Shares.



The final number of the Series M Shares subscribed for by the Eligible Shareholders pursuant to validly executed subscription agreements regarding the Series M Shares will be separately disclosed by the Company after the completion of the subscription period for the Series M Shares.
22-May-2018
(Official Notice)
21-May-2018
(Official Notice)
Further to the announcements made on 17 May 2018 in respect of a foreign dividend payment (?Cash Dividend?), South African shareholders are advised as follows:

The Cash Dividend of PLN0.33 per share converted to South African Rand is ZAR1.1416 (converted at the exchange rate of PLN1.00: ZAR3.4594). The salient dates relating to the Cash Dividend are detailed below:

* Last date to trade cum-dividend rights on the JSE : Tuesday, 22 May

* GTC shares will trade ex-dividend rights on the JSE : Wednesday, 23 May

* Dividend Record Date : Friday, 25 May

* Payment Date : Thursday, 14 June



South African Shareholders are reminded that GTC is a company incorporated under the laws of the Republic of Poland with a primary listing on the Warsaw Stock Exchange. Consequently, Polish rules are applicable to the Cash Dividend process. Shareholders are referred to GTC?s website, specifically to Current Report 11/2018, where the information relating to the Cash Dividend has been announced to GTC shareholders on the Warsaw Stock Exchange.
21-May-2018
(C)
Rental revenue for the quarter increased to EUR26 million (2017: EUR22.1 million), profit from continuing operations before tax and finance decreased to EUR36.9 million (2017: EUR43.1 million), profit for the period attributable to equity holders of the company lowered to EUR24.1 million (2017: EUR32.2 million), while basic earnings per share came in at EUR5 cents per share (2017: EUR7 cents per share).



Strategy and dividend update

GTC's objective is to create value from active management of a growing commercial real estate portfolio in CEE and SEE, supplemented by selected development activities; and enhancing deal flow, mitigating risks and optimising performance through its regional platform, by investing its own funds, the proceeds from share capital increases and reinvesting potential proceeds from the sale of real properties. This leads to accretive funds from operations and provides for growing dividend potential.



On 17 May 2018, the Annual General Meeting of GTCSA passed Resolution number five on the division of profits for the 2017 financial year and dividend payment. The Annual General Meeting resolved, after due consideration of the Management Board's proposal concerning allocation of GTCSA's net profit for 2017, to distribute the amount of PLN155 200 156.32 as dividends to the Company's shareholders. The General Meeting resolved to pay dividends of PLN0.33 per share. The dividends shall be distributed from the Company's net profit for 2017. Under the Resolution, the dividend record date was set for 25 May 2018, and the dividend payment date will be 14 June 2018. The dividend is to be paid on all 470 303 504 GTCSA shares.
17-May-2018
(Official Notice)
The management board of Globe Trade Centre S.A. ("Company"), hereby announces the list of shareholders with not less than 5% of voting rights represented at the ordinary shareholders meeting held on 17 May 2018.



On the ordinary shareholders meeting held on 17 May 2018 394 059 510 votes were represented, which constitute 83.79% of the total number of votes on the shareholders meeting.
17-May-2018
(Official Notice)
The management board of Globe Trade Centre S.A. ("Company") hereby publishes the content of resolutions approved by the ordinary shareholders meeting held on 17 May 2018.
17-May-2018
(Official Notice)
The management board of Globe Trade Centre S.A. hereby announces that on 17 May 2018 the AGM of Globe Trade Centre S.A. passed Resolution no 5 on the division of profits for the 2017 financial year and dividend payment.



The AGM resolved, after due consideration of the management board?s proposal concerning allocation of Globe Trade Centre S.A.?s net profit for 2017, to distribute the amount of PLN 155 200 156.32 as dividends to the Company?s shareholders. The general meeting resolved to pay dividends of PLN 0.33 per share. The dividends shall be distributed from the Company?s net profit for 2017. Under the Resolution, the dividend record date was set for 25 May 2018, and the dividend payment date will be 14 June 2018. The dividend is to be paid on all 470,303,504 Globe Trade Centre S.A. shares.



Legal grounds ? 19 sec. 2 of the Regulation of the Council of Ministers of 29 March 2018 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union.
17-May-2018
(Official Notice)
The Management Board of Globe Trade Centre S.A. (the ?Company?) hereby announces that on 17 May 2018 the Supervisory Board of the Company re-appointed Erez Boniel as member of the Management Board of the Company for next three-year terms. Erez Boniel has been a member of Globe Trade Centre S.A Management Board and Chief Financial Officer and has led GTC?s financial activity since 1997. Mr. Boniel holds an MBA with honours from Calgary University and a CPA certificate.



According to statement he has made, Erez Boniel is not entered in the register of insolvent debtors maintained pursuant to the Polish Act on the National Court Register dated 20 August 1997, does not perform any activities outside of the Company?s business which could be considered competitive thereto, does not participate in any competitive business, either as a partner in a civil partnership or any other type of partnership, and is not member of the authorities of any competitive company or any other competitive entity.



Legal basis: ? 5.5 of the Regulation of the Minister of Finance dated 29 March 2018 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the laws of a state which is not a member state.

26-Apr-2018
(Official Notice)
The management board of Globe Trade Centre SA (?GTC?) informs that a purchase agreement (the "Agreement") of 100% of the capital of Dorado 1 EOOD (?Dorado?), a wholly owned Bulgarian limited liability company, owner of Mall of Sofia shopping mall and adjacent office building located in Sofia, Bulgaria was concluded on 26 April 2018 between EEE 5 S.? r.l., a company incorporated and existing under the laws of the Luxembourg (the ?Seller?) and GTC (the ? Buyer?).



Mall of Sofia provides 23 700 sq m of retail leasable area and 10 300 sq. m of office space. Retail occupancy rate is currently at 98% and office occupancy rate is currently at 100%. GTC intends to hold the building as part of the income producing portfolio.



The net purchase price, after deduction for latent capital gains tax for Dorado under the Agreement amounted to approximately EUR90 000 000.00 (ninety million euros),which as at the date of this current report, based on the average EUR/PLN exchange rate announced by the National Bank of Poland, amounts to PLN 381 528 000.00 (three hundred eighty one million five hundred twenty eight thousand PLN 0/100).



The purchase of the Dorado will be financed by GTC's own cash.



Simultaneously, Dorado entered into a loan agreement whereby OTP BANK PLC and DSK BANK EAD (?Lenders?) will finance the Mall of Sofia in the amount of EUR 61,425,000.00. The loan will be repaid in quarterly instalments and subsequently by a one-off payment of the remaining principal amount at maturity. Dorado is required to pay to the Lenders standard preparation costs and interest at a rate of 3M EURIBOR, increased by margin.



The closing of the transaction is expected in the second quarter of 2018 following completion of standard conditions precedent.



Neither GTC nor its managers or supervisors have any relationship with the Seller or with the Seller?s managers, except for the relations resulting from the Agreement.
20-Apr-2018
(Official Notice)
The Management Board of Globe Trade Centre Sp??ka Akcyjna with its registered seat in Warsaw (the ?company?), pursuant to Article 395 and Article 399 ?1 in conjunction with Articles 402 1 and 4022 of the Commercial Companies Code (the ?CCC?), convenes the Annual General Meeting of the company (the ?General Meeting?) for 17 May 2018 at 13:00 a.m. (Warsaw Time ? UTC+2) to be held in Warsaw at ul. 17 Stycznia 45A (the ?Nothus? Building).



Content of the announcement and drafts of resolutions are available on corporate website (http://ir.gtc.com.pl/en/corporate-governance/general-shareholders-meeting)
03-Apr-2018
(Official Notice)
The Management Board of GTCSA informs about receiving on 2 April 2018 from the majority shareholder in the Company, LSREF 111 GTC Investments B.V. ("Lone Star?), with its registered head office in Amsterdam, the Netherlands, a notification that Lone Star decided to review its options in relation to its investment in GTCSA and appointed J.P.Morgan and UBS to assist them in this strategic review.



Pursuant to the notification, amongst the options under review, Lone Star is considering a sale of its entire stake to a strategic or financial investor and is not contemplating a placing of any of its shares in the public equity markets by way of an accelerated book building.



Lone Star also confirmed in the notification its continued support for the management team, who, over last few years, has been successfully re-aligned the strategy with value creation
22-Mar-2018
(Official Notice)
The Management Board of GTCSA (the ?Company?) announced that on 20 March 2018 it adopted a resolution pursuant to which it will propose to the annual general meeting of the shareholders of the Company (?AGM?) that a dividend in the amount of PLN 0.33 per share be distributed to the shareholders of the Company from the net profit earned in the financial year ended 31 December 2017.



On 20 March 2018, the Supervisory Board of the Company issued a positive opinion in respect of the Management Board?s above proposal.



The payment of the dividend remains subject to the approval by the annual general meeting of the shareholders of the Company.
22-Mar-2018
(C)
Revenue from rental activity increased to EUR122.6 million (2016: EUR114.3 million), profit for the year attributable to equity holders of the company lowered to EUR156.3million (2016: EUR158.5 million), while basic earnings per share remained stable at EUR34 cents per share (2016: EUR34 cents per share).



Strategy and dividend policy

GTCSA's objective is to create value from active management of a growing commercial real estate portfolio in CEE and SEE, supplemented by selected development activities; and enhancing deal flow, mitigating risks and optimising performance through its regional platform, by investing its own funds, the proceeds from share capital increases and reinvesting potential proceeds from the sale of real properties. This leads to accretive funds from operations and provides for growing dividend potential.



Following the growth and results achieved in 2017, GTCSA plans to distribute (upon approval of Annual Shareholder Meeting) PLN0.33 / share from 2017 profits in the form of dividend. The dividend is guided by, among others things, the availability of cash, the funds from operations growth plans, the Company's capital expenditure requirements and planned acquisitions as well as the share of external financing in the Company's overall equity.
12-Mar-2018
(Official Notice)
With reference to current report No. 14/2014 dated 11 March 2014, the Management Board of Globe Trade Centre S.A. (the ?Issuer? or the ?company?) announces that 20 000 bearer, unsecured bonds issued in 2014 in uncertified form, ISIN PLGTC0000177, with a nominal value of PLN 10 000 each and with a total nominal value of PLN 200 000 000 (the ?bonds?) were subject to partial redemption in 1/3 of their nominal value on 12 March 2018, in accordance with and on the basis of the terms and conditions of the bonds.



Following the partial redemption, the interest amount on the bonds will be calculated taking into account the nominal value of each bond, as decreased by the redemption amount to PLN 6 666.67. The bonds will be subject to further partial redemption in 1/3 of their original nominal value on 10 September 2018 and 11 March 2019 (date of full redemption).
23-Feb-2018
(Official Notice)
The management board of Globe Trade Centre S.A. (the ?Company?) hereby announces that on 23 February 2018 received a written statement of LSREF III GTC Investments B.V., with its registered seat at Herikerbergweg 238, Luna Arena 1101 CM Amsterdam, the Netherlands, (the ?Entitled Shareholder?), according to which the Entitled Shareholder, pursuant to sections 9.1.a), 9.1b) and 9.1c) of the articles of association of the Company appoints Mr. Olivier Brahin as a member of the supervisory board of the Company, effective 1 March 2018.



Pursuant to its statement and the deposit certificate attached thereto, the Entitled Shareholder holds 287,516,755 shares in the Company, which constitute 61.13% of the Company?s share capital and entitles the holder thereof to 61.13% of the votes at the general meeting of the Company.



15-Jan-2018
(Official Notice)
The management board of Globe Trade Centre S.A., hereby announces publication dates of periodical reports in 2018:

I. Annual report and consolidated annual report for 2017 - 21 March 2018.



II. Consolidated quarterly reports

*1st quarter of 2018 - 21 May 2018

*3rd quarter of 2018 - 14 November 2018



III. Consolidated semi-annual report for the 1st half of 2018 - 23 August 2018.
06-Dec-2017
(Official Notice)
Further to current report No. 30/2015 dated 19 August 2015, the management board of Globe Trade Centre S.A. (?GTC?) hereby announces that on 6 December 2017, Centrum Swiatowida Sp. z o.o. with its registered office in Warsaw (?Centrum Swiatowida?), a subsidiary of GTC, concluded an annex to the credit facilities agreement dated 17 August 2015 (the ?Agreement?) executed with Bank Polska Kasa Opieki S.A. with its registered office in Warsaw (?Bank Pekao?) concerning financing and refinancing of Galeria P?lnocna located at ul. Swiatowida 17 in Warsaw, the district of Bialoleka (the ?Project?) (the ?Annex?).



The Annex increases the amount of the investment loan available for Centrum Swiatowida to up to EUR200 000 000.00 from the current EUR150 000 000.



The Loans will be repaid in monthly instalments and subsequently by a one-off payment of the remaining principal amount at maturity. Centrum Swiatowida is required to pay to Bank Pekao standard preparation costs and interest at a rate of 3M EURIBOR, increased by margin.
13-Nov-2017
(C)
Revenues from rental activity for the quarter were EUR29.6 million (2016: EUR30.1 million). Gross margin form operations came to EUR22.1 million (2016: EUR22.9 million). Profit from continuing operations before tax and finance income rose to EUR72.2 million (2016: EUR33.2 million). Profit for the period attributable to equity holders of the company lowered to EUR51.9 million (2016: EUR71.4 million). In addition, earnings per share was EUR13 cents per share (2016: EUR16 cents per share).



31-Oct-2017
(Official Notice)
31-Oct-2017
(Official Notice)
With reference to current report No. 44/2012 dated 31 October 2012, current report No. 46/2012 dated 5 December 2012 and current report No. 6/2017 dated 2 May 2017, the Management Board of Globe Trade Centre S.A. (the ?Issuer? or the ?company?) announces that 2 942 bearer, unsecured bonds issued in 2012 in uncertified form, with a nominal value of PLN 66 666.67 each (initial nominal value amounted to PLN 100 000) and with a total nominal value of PLN 196 133 343.14 (the ?bonds?) were subject to partial redemption in 1/3 of their nominal value on 31 October 2017, in accordance with and on the basis of the terms and conditions of the bonds.



Following the partial redemption, the interest amount on the bonds will be calculated taking into account the nominal value of each Bond, as decreased by the redemption amount to PLN 33 333.34. The bonds will be subject to further partial redemption in 1/3 of their original nominal value on 30 April 2018 (date of full redemption).
24-Oct-2017
(Official Notice)
The management board of GTCSA announced that there is a change in the date of the publication of the consolidated quarterly report for the third quarter of 2017 from 14 November 2017 to 13 November 2017.
27-Sep-2017
(Official Notice)
The Management Board of GTCSA (the ?Company?) announced that Powszechne Towarzystwo Emerytalne PZU SA, with its registered seat in Warsaw, acting on behalf of Otwarty Fundusz Emerytalny PZU ?Zlota Jesien? (the ?Entitled Shareholder?), has appointed Ryszard Wawryniewicz to the Company?s Supervisory Board for a three-year term of office commencing on 26 September 2017.



Pursuant to the attached deposit certificate, the Entitled Shareholder holds 47 963 266 shares in the Company, which constitute 10.20% of the Company?s share capital and entitle the holder thereof to 10.20% of the votes at the general meeting of the Company.
22-Sep-2017
(Official Notice)
The Management Board of Globe Trade Centre S.A. (the ?Company?) hereby announces that on 21 September 2017 Tomasz Styczyski submitted his resignations from position as a member of the Supervisory Board of the Company with immediate effect.



Legal basis: ? 5 section 1(21) of the Regulation of the Minister of Finance, dated 19 February 2009, on current and periodical information disclosed by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state.
21-Aug-2017
(C)
Revenues from rental activity rose to EUR58.0 million (2016: EUR55.1 million). Gross margin from operations was EUR43.0 million (2016: EUR42.6 million). Profit for the period attributable to equity holders of the company increased to EUR59.6 million (2016: EUR35.3 million). Furthermore, basic earnings per share were EUR13 cents per share (2016: EUR8 cents per share).

17-Aug-2017
(Official Notice)
The Management Board of GTCSA (?Company?) hereby informs that on 17 August 2017, acting pursuant to Art. 7.3 point c of the company?s Articles of Association, the Supervisory Board appointed Ernst - Young Audyt Polska with its seat in Warsaw, Rondo ONZ 1 as the company?s and Group?s independent external auditor to audit the financial statements for the twelve months ended 31 December 2018 and 31 December 2019 and quarterly reviews of the financial statements for the years 2018 and 2019. Ernst - Young Audyt Polska is entered in the register of entities qualified to audit financial statements under Reg. No. 130. Ernst - Young Audyt Polska has previously been mandated to review and audit financial statements of the company in 2002-2017. The agreement with Ernst - Young Audyt Polska is to be concluded for a time necessary to review and audit the financial statements for the twelve months ended 31 December 2018 and the financial statements for the twelve months ended 31 December 2019.



Legal grounds: ?5 sec. 19 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union.
12-Jul-2017
(Official Notice)
With reference to current report No. 22/2017 of 6 July 2017, the Management Board of Globe Trade Centre S.A. (the ?company?) announced that on 12 July 2017, it received communication No. ONP/2017/116 from the Operations Department of Krajowy Depozyt Papier?w Wartosciowych S.A. (the ?KDPW?, i.e. the Polish National Depository for Securities), which states that, pursuant to resolution No. 435/17 of the Management Board of the KDPW dated 5 July 2017, the KDPW will register 10,087,026 (ten million, eighty-seven thousand, twenty-six) shares in the company which have been assigned the following ISIN code: PLGTC0000037.
12-Jul-2017
(Official Notice)
The management board of Globe Trade Centre Sp?lka Akcyjna (the ?company?) announced that on 12 July 2017 the management board of the Warsaw Stock Exchange (Gielda Papier?w Wartosciowych w Warszawie S.A., the ?GPW?) adopted the following resolution No. 759/2017 regarding the admission and introduction to stock exchange trading on the main market of the GPW of the ordinary bearer series L shares in the company according to which the management board of the GPW resolved to introduce on 14 July 2017, in accordance with standard procedure, 10 087 026 (ten million, eighty- seven thousand, twenty-six) ordinary bearer series L shares in the company with a nominal value of PLN 0.10 (ten groszy) each, provided that such shares are registered by the KDPW on 14 July 2017 and are assigned the code PLGTC0000037.



This Resolution enters into force on the date of its adoption.
06-Jul-2017
(Official Notice)
The management board of Globe Trade Centre Sp?lka Akcyjna (the ?Company?) hereby announces that on 5 July 2017, the management board of the Polish National Depositary for Securities (Krajowy Depozyt Papier?w Wartosciowych S.A., the ?KDPW?) adopted resolution No. 435/17 (the ?Resolution?) pursuant to which the management board of the KDPW decided to register 10 087 026 (ten million, eighty-seven thousand, twenty-six) series L ordinary bearer shares in the Company, with a nominal value of PLN0.10 (ten groszy) each (the ?Series L Shares?), and to assign such shares the code PLGTC0000037, provided that such shares are introduced to trading on the same regulated market on which the remaining shares in the Company marked with the code PLGTC0000037 are traded.



The registration of the Series L Shares with the KDPW will be effected in connection with the closing of the accounts maintained for the rights to shares (prawa do akcji) marked with the code PLGTC0000250 within three days of the receipt by the KDPW of the documents evidencing the decision of the company operating the regulated market referred to above; however, no earlier than on the date indicated as the date of the introduction of such shares to trading on the regulated market. The information on the registration of the Series L Shares will be made public by way of an announcement issued by the KDPW. This Resolution enters into force on the date of its adoption.
29-Jun-2017
(Official Notice)
The Management Board of Globe Trade Centre Sp?lka Akcyjna (the ?Company?) hereby announces that on 28 June 2017, the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, registered the amendment to the Company?s articles of association introduced by way of a resolution of the Ordinary General Meeting of the Company dated 16 May 2017 regarding the increase of the Company's share capital through the issuance, solely to certain shareholders of the Company as of the dividend record date, of ordinary series L bearer shares, with the exclusion of all of the pre-emptive rights of the existing shareholders to all of the series L shares, the amendment of the Company's articles of association, the application for the admission and introduction of the series L shares and/or rights to series L shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of the series L shares and/or rights to series L shares. The amendment to the articles of association involved the increase of the Company?s share capital from PLN 46,021,647.80 to PLN 47,030,350.40 through the issuance of 10,087,026 series L ordinary bearer shares in the Company with a nominal value of PLN 0.10 (ten groszy) each.



Moreover, the Management Board of the Company presents the amendments introduced to the Company?s articles of association detailed in the relevant SENS note.
26-Jun-2017
(Official Notice)
The management board of Globe Trade Centre Sp?lka Akcyjna (the ?Company?) announced the receipt of Resolution No. 400/17 of the management board of Krajowy Depozyt Papier?w Wartosciowych S.A. (the ?KDPW?) dated 26 June 2017 (the ?Resolution?) on the basis of which, in accordance with ? 40.2, ? 2.1 and ? 2.4 of the KDPW Regulations, having reviewed the Company?s application, the management board of the KDPW decided to accept the deposit, as at 28 June 2017, of 10,087,026 (ten million, eighty-seven thousand and twenty-six) rights to the series L ordinary bearer shares in the Company (prawa do akcji), each with a nominal value of PLN 0.10 (ten groszy), and to mark them with the code PLGTC0000250.
12-Jun-2017
(Official Notice)
Shareholders are referred to the previous announcements in respect of the vote by shareholders on receiving either a cash dividend of PLN 0.27 per share (ZAR 0.95434 per share for shareholders on the SA share register) or participating in a share vote by receiving 1 new GTC share for every 41.25 shares held, in respect of the year ended 31 December 2016.



No shareholders in South Africa voted to receive GTC shares. Consequently, the entire amount of dividend payable to South African shareholders will be paid out in cash.



The results of the subscription among eligible shareholders in Poland and the details of the share capital increase will be announced by GTC in a separate current report in accordance with the disclosure obligations to which GTC is subject as an issuer of shares listed on the regulated market of the Warsaw Stock Exchange.
12-Jun-2017
(Official Notice)
The Management Board of GTCSA announced that the subscription of series L ordinary bearer shares (the ?Series L Shares?) has been completed. The Series L Shares were subscribed for pursuant to Resolution Number 18 of the General Meeting of the Company dated 16 May 2017 regarding the increase of the Company's share capital through the issuance, solely to certain shareholders of the Company as of the dividend record date, of ordinary series L bearer shares, the exclusion of all of the pre- emptive rights of the existing shareholders to all of the series L shares, the amendment of the Company's statute, the application for the admission and introduction of series L shares and/or rights to series L shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of series L shares and/or rights to series L shares ( the ?Resolution on the Share Capital Increase?).
02-Jun-2017
(Official Notice)
Further to the announcements made on 18 May and 22 May 2017, shareholders are now advised that:

- The gross amount of the dividend will be subject to a Polish dividend withholding tax (?PWHT?) of 19%. Such withholding tax may be reduced to 15% in terms of the double tax treaty in force between Poland and South Africa. Application of the reduced 15% PWHT requires from shareholders the submission of an up-to-date South African certificate of their tax residence to the Company prior to the payment of the dividend.

- The Dividend will also be subject to South African Dividends Tax (?SADWT?) at the rate of 20%, unless a shareholder qualifies for an exemption. Any shareholder who receives a Dividend which is subject to SADWT (i.e. where no exemption is available) will qualify for a 15% reduction in dividends tax. The ultimate result in such a case is that the Dividend will be subject to a reduced PWHT of 15% and subject to South African Dividends Tax at a rate of 5%.



The information provided above does not constitute tax advice and is only provided as a general guide on the Polish and South African tax treatment of the cash dividend declaration by GTC to South African tax resident shareholders. For shareholders residing outside of South Africa, the dividend may have other legal or tax implications and such shareholders are advised to obtain appropriate advice from their professional advisers in this regard. Tax matters are complex, and the tax consequences to a particular shareholder will depend in part on such shareholder's circumstances. Accordingly, a shareholder is urged to consult his own tax advisor for a full understanding of the tax consequences to him, including the applicability and effect of Polish tax laws.
26-May-2017
(Official Notice)
22-May-2017
(Official Notice)
Further to the announcement made on 18 May 2017, where the terms below have been defined, in respect of a cash dividend or an election to receive newly issued GTCSA shares, shareholders are advised as follows: Shareholders on the South African register will receive their cash dividend in South African Rand converted from PLN at an exchange rate of PLN1.00 : ZAR3.53460. Accordingly, the cash dividend of PLN0.27 per share will be equal to ZAR0.95434 per share.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is ZAR0.95434 per share for shareholders exempt from paying South African dividends tax. The net local dividend amount is ZAR0.76347 per share for shareholders liable to pay dividends tax at the rate of 20%.



South African shareholders are required to notify their duly appointed CSDP, broker or custodian if they wish to receive the new GTCSA shares pursuant to the Share Election in the manner and the time stipulated in the agreement governing the relationship between such shareholders and their CSDP, broker or custodian, failing which they will receive the cash dividend. The ratio, the price of the shares issued in the Share Election and the last day for South African shareholders to participate in the Share Election in lieu of the cash dividend will be announced on Friday, 26 May 2017.



South African Shareholders are reminded that GTCSA is a company incorporated under the laws of the Republic of Poland with a primary listing on the Warsaw Stock Exchange. Consequently, Polish rules are applicable to the Cash Dividend or Share Election process.
18-May-2017
(Official Notice)
16-May-2017
(Official Notice)
The Management Board of Globe Trade Centre S.A. ("Company"), hereby announces the list of shareholders with not less than 5% of voting rights represented at the ordinary shareholders meeting held on 16 May 2017.



On the ordinary shareholders meeting held on 16 May 2017, 404 042 472 votes were represented, which constitute 87.79% of the total number of votes on the shareholders meeting.

16-May-2017
(Official Notice)
The management board of Globe Trade Centre S.A. ("company") hereby publishes the content of resolutions approved by the ordinary shareholders meeting held on 16 May 2017.









16-May-2017
(Official Notice)
The management board of Globe Trade Centre S.A. hereby announces that on 16 May 2017 received a written statement of LSREF III GTC Investments B.V., with its registered seat at Herikerbergweg 238, Luna Arena 1101 CM Amsterdam, the Netherlands, (the ?Entitled Shareholder?), according to which the entitled shareholder, pursuant to sections 7.1.1, 7.1.2, 7.1.3 and 7.1.7 of the articles of association of the company reappoint Mr. Jan-Christoph D?dden as a member of the supervisory board of the company.



Pursuant to its statement and the deposit certificate attached thereto, the entitled shareholder holds 279 060 380 shares in the company, which constitute 60.64% of the company?s share capital and entitle the holder thereof to 60.64% of the votes at the general meeting of the company.



15-May-2017
(C)
GTCSA released their maiden quarterly results for the period ended 31 March. Revenue from rental activity came in at EUR29.8 million, profit from continuing operations before tax and finance was EUR43.1 million, profit attributable to equity holders of the company was recorded at EUR32.2 million, while basic earnings per share was EUR7 cents per share.



Strategy and dividend policy

GTCSA's objective is to create value from active management of a growing commercial real estate portfolio in CEE and SEE, supplemented by selected development activities; and enhancing deal flow, mitigating risks and optimising performance through its regional platform, by investing its own funds, the proceeds from share capital increases and reinvesting potential proceeds from the sale of real properties. This leads to accretive funds from operations and provides for growing dividend potential.



Following the growth and results achieved in 2016, GTCSA is well positioned to recommend to distribute PLN0.27 share from 2016 profits in the form of dividend. The dividend recommendation is guided by, among others things, the availability of cash, the funds from operations growth plans, the Company's capital expenditure requirements and planned acquisitions as well as the share of external financing in the Company's overall equity. GTCSA believes that the further realization of its growth strategy will provide for a double-digit dividend growth in the future, starting from 2017 onward.
12-May-2017
(Official Notice)
The management board of Globe Trade Centre S.A. (the ?Company?) hereby announces that on 12 May 2017 the Supervisory Board of the Company re-appointed Thomas Kurzmann as president of the Management Board of the Company for next three-year terms.



09-May-2017
(Official Notice)
09-May-2017
(Official Notice)
02-May-2017
(Official Notice)
With reference to current report No. 44/2012 dated 31 October 2012 and current report No. 46/2012 dated 5 December 2012, the Management Board of GTCSA (the ?Issuer? or the ?Company?) announces that 2,942 bearer, unsecured bonds issued in 2012 in uncertified form, with a nominal value of PLN 100,000 each and with a total nominal value of PLN 294,200,000 (the ?Bonds?) were subject to partial redemption in 1/3 of their nominal value on 2 May 2017, in accordance with and on the basis of the terms and conditions of the Bonds.



Following the partial redemption, the interest amount on the Bonds will be calculated taking into account the nominal value of each Bond, as decreased by the redemption amount to PLN66 666.67. The Bonds will be subject to further partial redemption in 1/3 of their original nominal value on 31 October 2017 and 30 April 2018 (date of full redemption).



Legal basis: ? 5.1.10 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the laws of a state which is not a member state.
19-Apr-2017
(Official Notice)
The Management Board of Globe Trade Centre Sp?lka Akcyjna with its registered seat in Warsaw (the ?company?), pursuant to Article 395 and Article 399 ?1 in conjunction with Articles 402 1 and 4022 of the Commercial Companies Code (the ?CCC?), convenes the Annual General Meeting of the company (the ?General Meeting?) for 16 May 2017 at 11:30 a.m. (Warsaw Time ? UTC+2) to be held in Warsaw at ul. 17 Stycznia 45A (the ?Nothus? Building).



Content of the announcement and drafts of resolutions are available on corporate website (http://ir.gtc.com.pl/en/corporate-governance/general-shareholders-meeting)



Legal basis: ? 38.1 point 1 and 3 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognised as being equivalent to information required by the laws of a state which is not a member state.
04-Apr-2017
(Official Notice)
Globe Trade Centre S.A. (the ?Company?) announces that on 4 April 2017 it obtained information that the Supreme Administrative Court cancelled both the judgment of the Voivodeship Administrative Court in Warsaw and the decisions of the Local-Government Appeals Board (Samorzadowe Kolegium Odwolawcze) in Warsaw and the Mayor of the Capital City of Warsaw determining the environmental terms for the construction of the Wilan?w Shopping Centre.



The judgment and decisions were cancelled on the grounds that the environmental impact report regarding the project contains insufficient information regarding the impact the liquidation of the project will have on the environment. A new decision determining the environmental terms of the project must be obtained for the building permit for the Wilan?w Shopping Centre to be issued.



The Company is currently analysing in detail the consequences of the above-referenced judgment of the Supreme Administrative Court on the completion of the Wilan?w Shopping Centre.

Legal basis: Article 17 section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the market abuse directive) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC ? inside information.





20-Mar-2017
(Official Notice)
The board of GTCSA announced that on 17 March 2017 it adopted a resolution pursuant to which it will propose to the annual general meeting of the shareholders of the Company (?AGM?) that a dividend in the amount of PLN0.27 per share be distributed to the shareholders of the Company from the net profit earned in the financial year ended 31 December 2016.



The Management Board will also propose that AGM approve a share capital increase by way of the issuance, with the exclusion of the pre-emptive rights of the existing shareholders, of series L shares with a nominal value of PLN 0.10, each to be offered solely to the Company?s shareholders of record as of the dividend record date, which are ?professional clients? (within the meaning of the Polish Act on Trading in Financial Instruments dated 29 July 2005, as amended) (?Dividend Shares?). Such shareholders will be able to elect to receive the amount of their respective dividend net of applicable tax, (?Net Dividend?) in cash or receive Dividend Shares in lieu of cash, (by way of set off) in a number calculated as Net Dividend divided by the issue price of the Dividend shares, as will be determined by the shareholders.



On 17 March 2017, the Supervisory Board of the Company issued a positive opinion in respect of the Management Board?s above proposal. The payment of the dividend remains subject to the approval by the annual general meeting of the shareholders of the Company.
20-Mar-2017
(C)
GTCSA released their maiden final results. Revenue from rental activity came in at EUR114.3 million, gross margin from operations was EUR87.3 million, profit attributable to equity holders of the company was EUR158.5 million, while basic earnings per share was recorded at EUR34 cents per share.



Strategy and dividend policy

GTC's objective is to create value from active management of a growing commercial real estate portfolio in CEE and SEE, supplemented by selected development activities; and enhancing deal flow, mitigating risks and optimising performance through its regional platform, by investing its own funds, the proceeds from share capital increases and reinvesting potential proceeds from the sale of real properties. This leads to accretive funds from operations and provides for growing dividend potential.



Following the growth and results achieved in 2016, GTC is well positioned to recommend to distribute PLN 0.27/share from 2016 profits in the form of dividend. The dividend recommendation is guided by, among others things, the availability of cash, the funds from operations growth plans, the Company's capital expenditure requirements and planned acquisitions as well as the share of external financing in the Company's overall equity. GTC believes that the further realization of its growth strategy will provide for a double-digit dividend growth in the future, starting from 2017 onward.
15-Feb-2017
(Official Notice)
The Management Board of Globe Trade Centre S.A. (?GTC?) announces that on 14 February 2017 its fully owned subsidiary, GTC Commercial Development d.o.o., received confirmation that the a building permit for the construction of the Ada Mall shopping centre in Belgrade became legally binding.



The above decision allows GTC to proceed with the development and construction of the Ada Mall project.



Legal grounds: Article 17 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC ? inside information.
09-Feb-2017
(Official Notice)
The management board of Globe Trade Centre S.A. (the ?Company"), informs that it complies with all the rules of the Code of Best Practice for WSE Listed Companies 2016 (the ?Best Practices") except for:

*?II.Z.8. The chair of the audit committee should meet the independence criteria referred to in principle II.Z.4.?



According to the Company?s Articles of association the chairman of the audit committee is being nominated by the Supervisory Board based on his/her experience and expertise. The Audit Committee consists of three members, working as a collegiate body and at least one member meets independence criteria.









31-Jan-2017
(Official Notice)
The Management Board of Globe Trade Centre S.A. ("Company"), announced publication dates of periodical reports in 2017:

I. Annual report and consolidated annual report for 2016 - 20 March 2017.

II. Consolidated quarterly reports

- 1st quarter of 2017 ? 15 May 2017

- 3rd quarter of 2017 ? 14 November 2017

III. Consolidated semi-annual report for the 1st half of 2017 ? 21 August 2017.
28-Nov-2016
(C)
The following results are the maiden quarterly results of the company. Revenue from rental activity was EUR30.1 million and profit from continuing operations before tax and finance came in at EUR33.2 million. Profit attributable to equity holders of EUR71.4 million was recorded. In addition, earnings per share were EUR16cps.
17-Oct-2016
(Official Notice)
The Management Board of Globe Trade Centre S.A. (?GTC?) hereby informs that there is a change in the date of the publication of the consolidated quarterly report for the third quarter of 2016 from 14 November 2016 to 28 November 2016 .



Legal grounds: ?103 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union.
13-Oct-2016
(Official Notice)
Globe Trade Centre SA (the ?company?) obtained information that the President of the Capital City of Warsaw issued a decision regarding the refusal to grant consent to the construction of the Wilan?w Shopping Centre, which was the subject of an application dated 19 August 2014, primarily due to a discrepancy in the interpretation of the law by the company and by the President of the Capital City of Warsaw in respect of the provisions of the zoning plan.



The company plans to file an appeal against such decision as soon as possible.



The above decision does not impact the book value of the relevant property as recorded in the company?s financial statements.



Legal basis: Article 17 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC ? inside information.
25-Aug-2016
(Media Comment)
Business Day reported that Globe Trade Centre's (GTC) income generating portfolio grew by 9% and operating income grew by 5% to EUR41 million in the six months to June. The company which is an Eastern Europe focused property developer and manager, primarily owns A-grade office and retail properties in Poland and has a market capitalisation of almost R12 billion. The company is developing a major shopping centre in Warsaw which is expected to open at the end of August 2017. GTC has spent a considerable amount of time trying to boost the quality of its office assets and its developments are going according to schedule.
24-Aug-2016
(C)
These are GTC's maiden results following its secondary listing on the JSE therefore there are no comparatives. Revenues from rental activity were EUR55.1 million. Gross margin from operations were recorded at EUR42.6 million. Profit for the period attributable to equity holders of the company came in at EUR35.3 million. Furthermore, headline earnings per share were EUR8 cents per share.
19-Aug-2016
(Media Comment)
According to Business Day Eastern Europe-focused property developer and manager Globe Trade Centre SA became the first Poland-based company to take up an inward listing on the JSE. CEO Thomas Kurzmann said local institutional investors had expressed a desire to gain exposure to property companies in the Eastern European real estate sector, which offered strong growth potential. GTC primarily owns A-grade office and retail properties in high-demand nodes within Poland and the capital cities Budapest, Bucharest, Belgrade and Zagreb. Mr Kurzmann added that the listing on the JSE was an exciting step in enabling the group's strategy to significantly increase its portfolio.
21-Aug-2017
(X)
The GTC Group is a leading developer and commercial real estate manager in CEE and SEE, operating in Poland, Romania, Hungary, Croatia, Serbia and Bulgaria. Additionally, it holds land in Ukraine and Russia and operates in the Czech Republic through its associates and joint ventures. The group was established in 1994 and has been present in the real estate market since then.



The group's portfolio comprises: (i) completed commercial properties; (ii) commercial properties under construction; (iii) a commercial landbank intended for future development or for sale and (iv) residential projects and landbank.



Since its establishment and as at 30 June 2016 the group: (i) has developed approximately 970 thousand sq. m of commercial space and approximately 300 thousand sq. m of residential space; (ii) has sold approximately 430 thousand sq. m of commercial space in completed commercial properties and approximately 299 thousand sq. m of residential space; and (iii) has acquired approximately 61 thousand sq. m of commercial space in completed commercial properties.



Additionally, the group conducts operations in the Czech Republic, through its associates. The group's proportional interest in assets in Czech Republic amounts to approximately 4 000 sq. m of NRA in one office building. The group also holds a land plot located in Russia, and a land plot designated for Ana Tower located in Romania. Additionally, the group manages third party assets, including: one office building in Budapest and three office buildings in Warsaw and one office building in Katowice.



The company's shares are listed on the WSE and included in the WIG30 index and on the JSE. The company's shares are also included in the Dow Jones STOXX Eastern Europe 300.



Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Best in 800x600 with IE6 or Mozilla Firefox