GTC, a leading investor and manager of commercial real estate in Central and Eastern Europe, has signed a EUR 148.8 million loan agreement with Berlin Hyp to refinance the bulk of its German residential portfolio financing and support further capital expenditure in selected assets. The new facility matures in 2031 and replaces the existing loan previously provided by another financing institution, extending the debt maturity profile of the Group and further strengthening its long-term financing structure.
The financing covers properties located in Kaiserslautern and Heidenheim, which form part of GTC’s German residential platform acquired at the turn of 2024 and 2025. The transaction represents another key step in the Group’s broader refinancing strategy aimed at optimizing debt structure, reducing near-term refinancing pressure, and securing stable funding for future portfolio development.
“This transaction marks another important milestone in GTC’s debt refinancing and extending the Group’s debt maturity profile. The new loan refinances the bulk of the senior bank loans financing the German portfolio at standard market cost of funding,” said Jacek Bagiński, Chief Financial Officer and nd Member of the Management Board of GTC. “This agreement brings us one step closer to completing all the key refinancings due this year,” he added.
“We are pleased with the successful cooperation with Berlin Hyp on this transaction, which confirms the confidence of leading financial institutions in GTC’s long-term strategy. This refinancing strengthens our position and provides a stable foundation for the continued active management of our assets and for decisions regarding their future,” said Mihály Ország, Chief Corporate Finance Officer and Member of the Management Board of GTC.
The refinancing follows a series of liability management measures undertaken by GTC in recent months, including the successful issuance of EUR 455 million senior secured notes in October 2025, which significantly extended the Group’s overall debt maturity schedule. Together, these actions support GTC’s strategic objective of strengthening balance sheet resilience while maintaining flexibility for further portfolio optimization across its markets.
