GTC leases over 150,000 sqm of commercial space across CEE in 2025

Business Forum
Real estate investor GTC has leased over 150,000 sqm of commercial space in 2025 across 30 office complexes and six shopping centres in CEE.

The company leased over 100,000 sqm of office space and more than 50,000 sqm of retail space across seven cities in Poland, as well as in Bucharest, Budapest, Belgrade, Sofia and Zagreb.

"In most of the markets where we operate, including Hungary, Romania, Bulgaria and Serbia, we leased more space than in the previous year, further confirming our ability to strengthen GTC's position across different asset classes and diverse local market conditions," said Botond Rencz, CEO of GTC Group.

Among the office leasing transactions in 2025 were lease renewals with companies occupying approximately 12,000 sqm at City Gate in Bucharest, over 10,000 sqm at Advance Business Center in Sofia, 5,000 sqm at V188 in Budapest and 4,000 sqm at Francuska Office Center in Katowice. The new lease was signed with Uniqa for over 6,000 sqm in Centerpoint 3, currently under development in Budapest's business district.

In the retail segment in Poland, GTC signed new and renewed leases for a total of 31,800 sqm at Galeria Północna in Warsaw and Galeria Jurajska in Częstochowa. In Ada Mall in Belgrade, 9,100 sqm was leased, while Avenue Mall in Zagreb saw over 7,600 sqm of leasing activity, and Mall of Sofia recorded 1,400 sqm.

RECOMMENDED
NEPI Rockcastle posts slight net rental income growth in Q1 2026
Real estate

NEPI Rockcastle posts slight net rental income growth in Q1 2026

NEPI Rockcastle said its Q1 net rental and related income (NOI) reached €157.7 million, up 3.4% versus Q1 2025. Property NOI increased 3.2% to €155.4 million, while net revenue from energy activities rose to €2.3 million, reflecting the scaling of the group's renewable energy platform.

CEE property investment surges 31% in 2025
Real estate

CEE property investment surges 31% in 2025

CEE property investment reached a turning point in 2025, with transaction volumes across the region's six main markets totalling €11.6 billion, representing 31% annual growth according to Colliers' latest analysis.

Asian capital drives Central Europe property boom
Real estate

Asian capital drives Central Europe property boom

Central Europe's commercial real estate sector is experiencing a transformation, with Hungary leading the recovery through an 86% year-on-year increase in investment driven by Asian capital from China and South Korea. The CATL factory in Debrecen and BYD in Szeged, along with the planned Volvo plant in Košice, Slovakia, are reshaping the region's industrial landscape and creating demand for logistics space.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.