GTC Sells Neptun Office Center In Gdańsk

Neptun Office Center Gdańsk
Neptun Office Center Gdańsk
Globe Trade Center (GTC) increased the value of Neptun Office Center, sold it and thus generated free money resources.

Neptun office building is situated in the Gdańsk Wrzeszcze district. The investment was completed in 2014. GTC has been the owner since 2016. The purchase constituted a part of Hines’ portfolio. Neptun Office Center offers 16 100 sqm of modern office space and 160 parking spaces. The close neighborhood to the railway station, bus stations and the main artery that connects Gdańsk with other metropolises of Tricity (Gdynia and Sopot), provides perfect transport conditions. The building is one of the most recognizable office properties in Gdańsk.

In 2016, we purchased 72% of the leased property at a very attractive price. Great property and asset management allowed us to change the image of the building, thus the whole available space has been leased. The sales of the building generated some funds and now they can be intended for reinvestments and we can partially share with them with other shareholders says Thomas Kurzmann, Chairman of the Board at GTC.

The purchaser and the seller were represented by Avison Young and CBRE during the transaction process.

GTC Group is a leading developer and investor in the property sector on the Polish market in three capitals of Central and Eastern Europe. Since the foundation in 1994, the Group has executed 73 highest class office and commercial buildings with the total space amounting to over 1.3 million sqm in Central and Eastern Europe.

GTC is both the owner and the manager of 46 commercial buildings that offer nearly 746 000 sqm of office and commercial space in Poland, Budapest, Bucharest, Belgrade, Zagreb, or Sofia. The Group executed 336 000 sqm of commercial and office space in the capitals of Central and Eastern Europe, 63 000 sqm of which is currently under construction.

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