Our ambition
Our ambition is not only to develop and manage real estate, but also to unlock its full potential and shape the future of European cities.
That is why we focus on active portfolio management: selling mature assets, acquiring high-potential properties and developing new projects in carefully selected locations.
We have defined six key areas that set the direction for GTC’s development:
Continuous growth of our portfolio and platform.
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
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
Optimisation of operating and financial performance
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
Strategic disposal of mature assets
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
Continued successful project delivery
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)
Maintaining a balanced mix of investments and adapting to changes in the real estate markets
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.
Maintaining sustainability measures (ESG - Environmental, social, and governance)
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.
Our ESG Policy is based on three pillars and eight focus areas:
Environment: concert for the Environment
We are reducing our environmental footprint. We deliver and manage green-certified buildings (saving energy and resources, lowering carbon emissions). We contribute to the circular economy.
FOCUS AREAS OF THIS PILLAR:
- E1. Green buildings
- E2. Climate change mitigation
Social: empowerment, respect and diversity
We deliver office and retail space where our tenants can grow. We care about the employees who are our biggest asset. We are a good neighbour, investing in local communities.
FOCUS AREAS OF THIS PILLAR:
- S1. Tenants
- S2. People
- S3. Communities
Governance: best governance practices
We act ethically and ensure compliance within all our operations. We implement processes minimising ESG-related risks. We lead open and honest communication with all our stakeholders.
FOCUS AREAS OF THIS PILLAR:
- G1. Compliance
- G2. Risk management
- G3. Transparency