Briefs

GTC announces profits Globe Trade Centre, the Israeli-financed office, retail and residential developer/investor which operates in Poland, announced profits of PLN 27.8 mln in 2001. The company's net profit in 2000 was PLN 29.3 mln Warsaw not so expensive Warsaw is 37th most expensive office location in the world according to a report by CB Richard Ellis entitled ,Global Market Rents". Annual rent in Poland's capital is EUR 466 sqm, far below London's West End, the most expensinve office location at EUR 1,776 sqm. Prague came 72nd (EUR 320 sqm) and Budapest was 95th (EUR 286 sqm). Marszalkowska 76 tops out Marszalkowska 76, one of the few city centre office buildings to come on the market this year, has topped out. The 6,990 sqm building was designed by SAP-PROJEKT and is scheduled to open in the 3rd quarter of this year. Investmentment vehicle Marszalkowska 76 Office Center was set up b