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Gyula Nagy

Chief Executive Officer, Management Board Member

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Gyula Nagy

Chief Executive Officer, Management Board Member

A member of GTC’s Management Board and Chief Executive Officer since 31 August 2023. Mr. Nagy was member of Management Board of the Company (1 July 2020-28 January 2022) and later the Supervisory Board of the Company (11 March 2022-24 August 2023).

Gyula Nagy started his career as an auditor at Deloitte and led statutory and international group audit of real estate, financial services and tech Companies. Mr. Nagy gained experience in numerous mergers, acquisitions, IPOs and other due diligence engagements. He joined OTP Group in 2012 and was promoted as the Board Member and CFO of OTP Real Estate Ltd and other subsidiaries. His primary responsibilities at OTP included financial, accounting and taxation matters and participating in the committee assessing non-performing real estate related loans of the bank. In 2018 he gained experience as an interim CFO for CTP Group, one of the largest Czech based real estate developer in CEE region. He was the Chief Financial Officer and later Deputy Chief Executive Officer and Member of the Board of Optima Investment Ltd between April 2019 and August 2023.

Gyula Nagy graduated from the faculty of Finance and Accountancy of the Budapest Business University.



János Gárdai
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Zsolt Farkas

Chief Strategy Officer, Management Board Member

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Zsolt Farkas

Chief Strategy Officer, Management Board Member

A member of GTC’s Management Board since 31 August 2023

Zsolt Farkas brings with him more than two decades of experience in the field of construction and real estate development, with a primary focus on residential and commercial projects in Europe.Mr. Farkas was the founder, CEO, and Chairman of the Management Board at Mundial AG, a highly esteemed real estate development firm based in Germany. With a series of successful endeavors already under his belt, he boasts an impressive track record of having developed over 1.0 million square meters of property. In addition to his responsibilities as CEO, Mr. Farkas currently serves as the managing director for more than 10 companies.

Before establishing Mundial AG, he spearheaded numerous prosperous projects in Hungary, Austria, Italy, and Croatia, collaborating with renowned companies like Porsche, Spar, OMV, Kempinski, and Motel One.

Zsolt Farkas studied mechanical engineering at the Technical University of Vienna (Technische Universität Wien) faculty of Mechanical Engineering.


Barbara Sikora
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Balázs Gosztonyi

Chief Financial Officer, Management Board Member

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Balázs Gosztonyi

Chief Financial Officer, Management Board Member

A member of GTC’s Management Board since 24 April 2024

Mr. Balázs Gosztonyi is CFO of GTC Hungary since January 2024. He joined GTC Group in September 2023 as Head of Group Controlling. Before GTC he was an advisor to CFO at Talentis Központi Követeléskezelő Zrt. Mr. Gosztonyi started his professional career as a Management Consultant at IFUA Horváth & Partners (Budapest, Riyadh, Dubai), later moving on to various positions in the field of finance and management to become CFO and Interim CEO in various sectors (i.e. media & healthcare).

Mr. Balázs Gosztonyi graduated from Management Accounting and Controlling of the Aarhus School of Business, Aarhus, Denmark and holds Master of Business Administration degree. He also studied controlling in Hungary at Budapesti Műszaki és Gazdaságtudományi Egyetem.

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György Stofa

Chief Operating Officer, Management Board Member

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György Stofa

Chief Operating Officer, Management Board Member

A member of GTC’s Management Board since 1 September 2024

Mr. György Stofa is Deputy Chief Operating Officer of GTC Group since September 2023. Before GTC he was the Operations Manager for a prominent commercial real estate company operating throughout the Central and Eastern Europe (CEE) region, overseeing a substantial portfolio that included more than 120,000 sqm of office space. Mr. Stofa started his professional career in commercial real estate financing at Bank Austria. Following this, Mr Stofa transitioned into the energy sector, where he focused on trading electricity and natural gas, expanding expertise in market analysis and strategic decision-making. Mr. György Stofa background in both real estate and energy markets equips him with a unique perspective to optimize operational strategies at GTC.

Mr. György Stofa studied Business Administration and Management in Austria at the Vienna University of Economics and Business (WU Wien).

Our Management Board is in charge of the Group’s strategy and operations. The Board steers the Company towards its strategic and financial targets. All Board members, as well as other executives, are highly experienced real estate professionals with a successful track record in CEE and other regions.

The Management Board runs the Group’s business in a transparent and efficient way pursuant to the provisions of applicable law, its internal provisions and the “Best Practices of WSE Listed Companies”. When taking decisions relating to the Group’s business, the members of the Management Board act within limits of justified business risk. The Management Board is obliged to meet at least once a month. However, the meetings are usually held once a week.

The two members of Management Board acting jointly are entitled to make representations on the Company’s behalf.

The Management Board Bylaws stipulate the scope of the Management Board’s responsibilities and duties as well as functional procedures.

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János Péter Bartha

Chairman of the Supervisory Board

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János Péter Bartha

Chairman of the Supervisory Board

Member of GTC’s Supervisory Board since June 2020.

Mr. János Bartha is a seasoned investment banker with more than 20 years of experience in private equity investments, especially in privatisation, management of IPOs, bond issues and M&A transactions. Mr. Bartha started his banking carrier at the National Bank of Hungary in 1982 where he was Deputy Managing Director for the Capital Markets Department responsible for all IFC related investments including country funds, joint ventures with strategic partners and financial institutions. In 1991 he became CEO of Credit Suisse First Boston in Hungary, and, in 1995 he was elected Managing Director of Credit Suisse First Boston Ltd covering all of Central and Eastern Europe, in this role he was also Chairman of the Board for CSFB Polska. Following his investment banking career Mr. Bartha established his own investment company that invested in different industries such as agroindustry, steel and construction, real estate and fund management in Hungary and Croatia.

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Csaba Cservenák

Member of the Supervisory Board

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Csaba Cservenák

Member of the Supervisory Board

Member of GTC’s Supervisory Board since 15 March 2024

Mr. Csaba Cservenák is the Head of Controlling and Member of the Board of Optima Investment Ltd since 2022. He joined Optima Group in 2017 as a senior accountant. Mr. Cservenák started his professional career as accountant at VGD Hungary, later moving on to various positions in the field finance and controlling at Docler Holding.

Mr. Cservenák graduated from the Faculty of Finance and Accountancy of the Budapest Business School in 2009 and holds an MBA Diploma. He also studied to become a tax advisor in Hungary. He has more than 15-year experience in accounting, finance, tax advisory and portfolio management.


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Lóránt Dudás

Member of Supervisory Board

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Lóránt Dudás

Member of Supervisory Board

Member of GTC’s Supervisory Board since December 2020.

Dr. Lóránt Dudás is the General Counsel and Member of the Board of Optima Investment Ltd. Dr. Dudás joined Optima Investment Ltd. in autumn 2016, where he first worked as senior legal counsel. Currently he holds the position of General Counsel and advises on real estate, corporate and commercial law and investment law matters. He has been Compliance Officer at Optima Investment Fund Manager Ltd. since 2017. He has been Member of the Board of Optima Investment Ltd. since 2018. Prior to joining Optima Investment Ltd, Dr. Dudás provided support to Takarékbank Zrt. as senior legal counsel focusing on corporate lending, syndicated loans and consortium financing, investment services, transactions and the implementation of other business and integration projects in 2014-2016. Between 2011 and 2014, he worked as a senior attorney focusing on real estate, corporate and commercial law and dispute resolution in CHSH Dezső & Partners International Law Firm and between 2007 and 2011 he provided general legal support to an economic and financial agency that supported the Ministry of Defence.

Dr. Dudás graduated from the Faculty of Law of Eötvös Lorand University, then he passed the postgraduate qualifying exam and was admitted to the Budapest Bar Association. He also studied economics at the Faculty of International Business Economics of the Budapest Business School, as well as completed the Corporate Compliance training program of the Budapest Institute of Banking (BIB) and the International Training Center for Bankers.

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Magdalena Frąckowiak

Independent Member of the Supervisory Board

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Magdalena Frąckowiak

Independent Member of the Supervisory Board

Member of GTC’s Supervisory Board since 25 September 2024.

Magdalena Frąckowiak is an attorney-at-law with over 15 years of professional experience in legal advice in commercial, corporate, mergers and acquisitions (M&A) and financing matters. She is authorized to practice as a lawyer in Poland and Great Britain. Mrs. Frąckowiak specializes in transaction advisory, in particular M&A transactions, Venture Capital, financing and cross-border transactions. Mrs. Frąckowiak started her career at KPG Spółka Partnerska Attorneys Keller, Książek, Grodzińska (currently Keller&Wspólnicy sp.k.) and later worked for Credit Suisse Poland Sp. z o. o., Global Trading Group (Cash Equities Trading Support). Currently, Mrs. Frąckowiak is an attorney at LSW Bieńkowski, Laskowski, Leśnodorski, Melzacki i Wspólnicy sp.k.

Magdalena Frąckowiak graduated in law, Faculty of Law, Administration and Economics of the University of Wrocław, and then completed legal training. Additionally, graduated from English-language LL.M postgraduate studies with specialization in International Commercial Law at Kozminski University, Warsaw.


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László Gut

Member of Supervisory Board

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László Gut

Member of Supervisory Board

Member of GTC’s Supervisory Board since 24 August 2023

László Gut graduated from the Faculty of Finance and Accountancy of the Budapest Business School in 2014.

Mr. Gut started his career as an auditor at Ernst & Young, gaining significant experience – among others - in real estate and oil & gas industries. As an auditor, he observed the operation of listed companies from close and participated in a number of management boards, audit committee and supervisory board meetings. After 8 years, he decided to look for new challenges in his professional career and joined Optima Investment Ltd. Since January 2022 he leads the financial department.


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Dominik Januszewski

Independent Member of the Supervisory Board

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Dominik Januszewski

Independent Member of the Supervisory Board

Member of GTC’s Supervisory Board since 16 May 2023.

Dominik Januszewski is a Senior Advisor in the field of management and finance with more than 25 years of experience in Ernst&Young and Artur Andersen. Between 2005-2019 he worked as a Partner in Ernst&Young, responsible for business advisory, transaction consulting, privatization projects, as well as financial audits. Between 2016 and 2019 was a member of European Executive Boards of Ernst&Young Financial Sector Division. His clients included the largest financial institutions in Poland. Currently, he is responsible for Strategic Consulting team of JLL, focusing on development and implementation of ESG and energy optimisation strategies for enterprises.

Mr. Januszewski is a Polish Chartered Auditor. He completed many professional trainings relating to advisory and management. In 2018 completed the course for Top Executives in Harvard Business School. In 2022 obtained the University of Cambridge Certificate: „Business Sustainability Management”. Dominik Januszewski graduated from University of Łódź, Economics and Sociology Department, Finance and Banking Faculty.


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Artur Kozieja

Independent Member of the Supervisory Board

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Artur Kozieja

Independent Member of the Supervisory Board

Member of GTC’s Supervisory Board since June 2022.

Artur Kozieja, the founder of the Europlan group, is an experienced investor and investment banker who, between 1995 and 2017, worked as a senior executive at Credit Suisse, Morgan Stanley and Barclays Capital in London, where he was responsible for M&A transactions and the raising of capital for corporations, banks and countries in Central and Eastern Europe. In addition, as a partner in a family hotel business started in 1983, he also developed hotel projects in Lower Silesia in Poland. Since 2017, as part of the Europlan group, he has been carrying out hotel investments in Poland, where he has opened, among other things, the Lake Hill Resort & Spa hotel complex in the Karkonosze Mountains and the Metropolo by Golden Tulip hotel in Cracow, and is currently preparing several hotel projects in cooperation with international hotel chains.

Artur Kozieja holds an MBA from the Wharton School of the University of Pennsylvania (USA) and is a graduate of the Diplomatic Academy in Beijing (China).

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Marcin Murawski

Independent Member of the Supervisory Board

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Marcin Murawski

Independent Member of the Supervisory Board

Member of GTC’s Supervisory Board since March 2013.

Marcin Murawski graduated from the Faculty of Management of Warsaw University. He also holds the following certificates: ACCA, ACCA Practising Certificate, KIBR entitlement, CIA.He has been an independent member of the supervisory board and chairman of the audit committee of: GTC S.A., Apart S.A., SecoWarwick S.A., SANTANDER-AVIVA JV TU S.A., SANTANDER-AVIVA JV TUNŻ S.A. Mr Murawski was an independent member of the supervisory board and chairman of the audit committee of CCC S.A until 2019. Between 2005 and 2012 Mr Murawski was a director of the internal audit department at WARTA Group - KBC GROUEP NV and secretary of the audit committee at TUIR WARTA S.A. and TUNŻ WARTA S.A. Between 1997 and 2005 he worked at PricewaterhouseCoopers Sp. z o.o., as manager of the audit department (2002-2005), senior assistant in the audit department (1999-2001), assistant in the audit department (1997-1999).

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Tamás Sándor

Independent Member of the Supervisory Board

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Tamás Sándor

Independent Member of the Supervisory Board

Member of GTC’s Supervisory Board since 15 March 2024

Dr. Tamas Sandor is a specially trained and experienced attorney-at-law who was and has been member and/or chairman of Supervisory Boards of several companies in the Hungarian market. Mr. Sandor has more than 17 years of experience as a lawyer in international Real Estate Development and M&A markets, as well as in corporate governance and commercial law.

Dr. Tamas Sandor graduated with Master Degree from Faculty of Law and Political Sciences of Eötvös Lóránd University (ELTE) – Budapest. Besides having active membership in Budapest Bar Association after passing the bar exams with excellent qualification, Mr. Sandor has acquired postgraduate Master of Laws (LL.M.) in Real Estate Law in 2010 at Eötvös Lóránd University (ELTE) – Budapest.


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Bálint Szécsényi

Member of the Supervisory Board

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Bálint Szécsényi

Member of the Supervisory Board

Member of GTC’s Supervisory Board since June 2020.

Bálint Szécsényi is the Chief Executive Officer of Equilor Investment Ltd. He joined Equilor Group in 2000 as a Corporate Finance Partner. Mr. Szécsényi has more than 20-year experience in stock exchange and OTC securities issuances, the organization of syndicated loans, venture capital and private equity transactions, and mergers & acquisitions both on Hungarian and international market. Mr. Szécsényi has been a member of the Board of Richter Gedeon Pls, one the largest pharmaceutical groups of the region and was the vice-president and a member of the Board of the Budapest Stock Exchange between 2011-2015. Mr. Szécsényi graduated from the Budapesti University of Economics, Faculty of Finance in 1998 and currently is a member of the advisory board of the Foundation of the Faculty of Corporate Finance of the University.

The Supervisory Board is appointed by shareholders who hold stakes of 5% and above of our shares, and in turns appoints and supervises the work of the Management Board.

The Supervisory Board acts pursuant to the Polish Commercial Companies Code and also pursuant to the articles of association of the Company and the Supervisory Board regulations dated 14 April 2005 with the changes introduced by the Shareholders Meeting on 16 May 2017. The Supervisory Board meets regularly at least once every quarter.

Pursuant to our articles of association, the Supervisory Board performs constant supervision over activities of the enterprise. Within the scope of its supervisory activities, the Supervisory Board may demand any information and documents regarding the Company’s business from the Management Board.

Members of the Supervisory Board are required to take necessary steps to receive regular and full information from the Management Board regarding material matters concerning the Company’s business and risks involved in the business and the strategies of risk management. The Supervisory Board may (while not infringing the competencies of other bodies of the Company) express their opinion on all the issues related to the Company’s business, including forwarding motions and proposals to the Management Board.

Committees of the Supervisory Board

The Supervisory Board may appoint committees to investigate certain issues which are in the competence of the Supervisory Board or to act as advisory and opinion bodies to the Supervisory Board.

The Supervisory Board has appointed the Audit Committee, whose principal task is to make administrative reviews, to exercise financial control, and to oversee financial reporting as well as internal and external audit procedures at the Company and at the companies in its group.

The Supervisory Board has appointed the Remuneration Committee of the Supervisory Board, which has no decision-making authority and which is responsible for making recommendations to the Supervisory Board with respect to the remuneration of the members of the Management Board and the policies for setting such remuneration.

Independent Members of the Supervisory Board

The Supervisory Board members listed below fulfil the independence criteria as specified in Annex No. II to Commission Recommendation 2005/162/EC of 15 February 2005 on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board according to their statements presented to the Company’s Management Board:

  • János Péter Bartha
  • Magdalena Frąckowiak
  • Artur Kozieja
  • Marcin Murawski
  • Dominik Januszewski
  • Tamás Sándor

Key Highlights

€2Bn+

Book Value of Portfolio

46

Commercial Buildings

30

Nearly 30 Years' Experience

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