All GTC retail projects under the wings of two real estate agencies
GTC has signed an agreement with JLL and Cushman & Wakefield who will team up with GTC as Leasing and Marketing Agencies of all the Group’s retail investments in Poland. This is an innovative solution to assign two agencies to all projects of a single developer. The contract has been signed for commercialization of Galeria Polnocna, Galeria Wilanow and Galeria Jurajska as well for lease agreement extensions.
GTC develops and actively manages a broad real estate portfolio of various projects from different sectors, including retail properties. Since its establishment, the Group has developed 12 shopping malls with a total net leasable space amounting more than 1 million sqm. GTC has developed such prestigious projects as Galeria Mokotów (Warsaw), Galeria Kazimierz (Cracow), Galeria Jurajska (Częstochowa), Avenue Mall (Zagreb), and Harfa (Prague). GTC currently manages 7 retail projects with a total commercial space of over 234,000 sqm.
“At GTC, we not only focus on managing the core retail properties, but also wish to accelerate the development of the company in the sector. Signing leasing agreements with both JLL and Cushman & Wakefield was a strategic decision to involve such prestigious advisors and work together for the overall success of our retail investments,” commented Jacek Wachowicz, Chief Investment Officer, GTC.
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. In response to changing client expectations and market conditions, JLL assembles teams of experts who deliver integrated services built on market insight and foresight, sound research and relevant market knowledge.
“We are proud that we can share our knowledge and experience with GTC, working on the largest and most prestigious developments in Poland. Our cooperation started in 1998, when JLL was responsible for leasing first project of GTC in Poland – Galeria Mokotów,” said Anna Wysocka, JLL Head of Retail Poland.
Cushman & Wakefield is a real estate services firm that helps clients transform the way people work, shop, and live. Its 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory.
“GTC as one of leading international developers is well recognized by investors and fashion brands. Galeria Północna and Galeria Wilanów will be iconic shopping destinations in North and South of Warsaw. Galeria Jurajska is already an established dominant shopping center in Częstochowa with regional catchment. It is our privilege to support GTC with Cushman & Wakefield’s international experience,” said Renata Kusznierska, Head of Retail Agency at Cushman & Wakefield in Poland.