Strategy

Our Objective

Our objective is to create value from the active management of a growing commercial real estate portfolio, supplemented by acquisitions and selected development activities.

Strategic focus

Achievement of continued portfolio and platform growth
Optimisation of operating and financial performance
Strategic disposal of mature assets
Continued successful project delivery
Maintaining a balanced mix of investments and adapting to changes in the real estate markets
Maintaining sustainability measures (ESG - environmental, social, and governance)

Additionally in August 2022, the management board of GTC announces strategy expansion. Potential new sectors identified to be considered for investment as part of the new strategy include:

investment in innovation and technology parks
investment in renewable energy facilities
investment in development of PRS assets (private rented sector property - residential).

Achievement of continued portfolio and platform growth

Strategic goal to significantly increase the income-generating portfolio through developments and acquisitions, taking advantage of the property market recovery in key CEE and SEE markets

Value-add acquisitions that provide tangible potential through reletting, improvement in occupancy and rental upside, and realisation of redevelopment potential
Intention to convert ongoing development projects and land reserves into income-generating properties
Sale of non-core assets to unlock equity for new investments and acquisitions and increase the return on invested equity

Find out more Achievement of continued portfolio and platform growth

Optimisation of operating and financial performance

Improving the efficiency of asset management activities and maximising operating performance

Active management of our income-generating property portfolio to achieve and maintain cost efficiency, to improve rental income and occupancy, and to diversify tenant risk by retaining a high-quality tenant base
Further optimising administrative and platform costs through organisational streamlining
Optimisation of financing cost through deleveraging, planning and resource allocation, and through continuous refinancing at improved terms to increase the recurring return on equity

Find out more Optimisation of operating and financial performance

Strategic disposal of mature assets

Sale of completed commercial properties that generate a stable flow of rental income and have reached their long-term value in our view
Unlocking of equity for new investments and acquisitions and increasing the return on invested equity

Find out more Strategic disposal of mature assets

Continued successful project delivery

Developing high-quality commercial projects
Focus on the delivery of major projects
Continuing to build track record of delivery of projects (a) on time, (b) on budget and (c) at a quality that meets tenants’ demand
Continuing to adhere to all relevant environmental aspects and standards in the construction of developments (e.g. building LEED certified buildings)

Find out more Continued successful project delivery

Maintaining a balanced mix of investments and adapting to changes in the real estate markets

We will continue real estate management and development activities in Poland, Hungary and in capital cities of European countries.
Markets in which we operate offer long-term growth potential due to their relatively underdeveloped real estate markets and relatively illiquid markets.
Further investments in these markets will be explored on an opportunistic basis with strict risk-adjusted return criteria.

Find out more Maintaining a balanced mix of investments and adapting to changes in the real estate markets

Maintaining sustainability measures (ESG - Environmental, social, and governance)

In 2015, we adopted the first iteration of our ESG policy. We undertook to develop properties in an environmentally responsible and resource-efficient manner throughout a building's lifecycle: from planning to design, construction, operation, maintenance, renovation, and demolition. We made a commitment that all our existing projects where possible and all new projects are assessed by sustainability certification schemes such as DGNB, BREEAM or LEED.