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The conclusion of the sale purchase agreement of 100% of the capital of Winmark Ingatlanfejleszto Kft
GLOBE TRADE CENTRE S.A.
GLOBE TRADE CENTRE S.A.
(Incorporated and registered in Poland with KRS No. 61500)
(Share code on the WSE: GTC.S.A)
(Share code on the JSE: GTC ISIN: PLGTC0000037)
(“GTC” or “the Company”)
Current report number: 4/2021
Date: 28 April 2021
Subject: The conclusion of the sale purchase agreement of 100% of the capital of Winmark
Ingatlanfejleszto Kft., a Hungarian company, the owner of Ericsson Head Quarter Office Building
and the Siemens Evosoft Head Quarter Office Building, Univerzum in Budapest.
The management board of Globe Trade Centre SA (“GTC”) informs that a sale purchase agreement of
100% of the capital of Winmark Ingatlanfejleszto Kft (“Winmark”) (“Agreement”), a wholly owned
Hungarian limited liability company, owner of the Ericsson Head Quarter Office Building (‘Ericsson’) and
the Siemens Evosoft Head Quarter Office Building, Univerzum (‘Univerzum’) in Budapest, Hungary was
concluded on 27 April 2021 between WINGPROP Ingatlanfejleszto és Beruházó Zártköruen Muködo
Részvénytársaság, a company incorporated and existing under the laws of the Hunagry (the “Seller”)
and GTC Real Estate Development Hungary Zrt (the “GTC Hungary”, “Buyer”).
Ericsson was completed in 2017 and comprises of 21,100 sq m GLA. The building is 100% leased to
Ericsson and the canteen operator. Univerzum was completed in 2020 and comprises of 20,700 sq m
GLA. The building is 100% leased to Siemens with a sublet to Evosoft. Both buildings have LEED
Gold green certifications. GTC intends to hold the building as part of the income producing portfolio.
The purchase price for Winmark under the Agreement amounted to EUR 160,300,000.00 (one hundred
sixty million three hundred thousand 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
731,176,390.00 (seven hundred thirty-one million one hundred seventy-six thousand three hundred
ninety PLN 0/100).
The purchase of the Winmark will be financed by Buyer's own funds combined with bank loan in the
amount of approximately EUR 80,000,000.00 (eighty 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 364,904,000.00 (three hundred sixty-four million nine hundred four thousand PLN
0/100).
The closing of the transaction is expected in the second quarter of 2021 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.
Legal grounds: Article 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the
Council of 16 April 2014 on market abuse (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.
Signed by:
/s/ Yovav Carmi /s/ Ariel Alejandro Ferstman
President of the Management Board Member of the Management Board
Warsaw, Poland
Sponsor: Investec Bank Limited
Date: 28-04-2021 09:03:00
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