Polish GTC set for JSE inward listing
The GTC Group, established in Poland in 1994, has operations in that country, Hungary, Romania, Croatia, Serbia and Bulgaria.
It operates in the Czech Republic through associates, and was listed on the Warsaw Stock Exchange in 2004.
In 2015, it changed its strategy from a purely development approach to a development and asset-management approach.
"We are a well-established developer and commercial property manager owning some of the highest-quality assets in the capitals of high-growth central eastern European and southeastern European countries," says GTC CEO Thomas Kurzmann.
"Our balanced €1.3bn portfolio of prime assets provides a stable rental income and significant growth opportunities from secured developments with NAV (net asset value) uplift potential.
"We look forward to establishing strong relationships with the South African investment community as we drive awareness of our total-return proposition through a unique mix of current activities and future strategic initiatives," he said.
Source: Business Day