GTC posts H1 results, plans purchases

Business as usual At the end of June 2015, the value of the GTC properties amounted to EUR 1,231 mln, a small decrease compared to the EUR 1,293 mln reported at the end of December 2014. This was mainly a result of the sale of Centrum Biurowe Kazimierz in Kraków, says the company. In H1 2015, the developer’s debt decreased to EUR 726 mln – compared to EUR 811 mln at the end of 2014. “Over the last few months we managed to achive many of our goals: we restructured our debt and significantly speeded up the sales of assets unrelated to our core operations. We have started the construction of Galeria Północna – one of our key projects – and put into operation the first building of the FortyOne office complex in Belgrade. We are currently analysing a few potential investment projects in the CEE and SEE markets, while continuing to implement our strategy, which involves both investing in new assets with a gr