GTC signed lease agreements for nearly 26,000 sqm of office and retail space in Q1 2025, which is a result of over one-third better than in the same period last year. Strengthening the occupancy of income-generating assets remains one of the key strategic pillars for the company.
Between January and March 2025, GTC concluded leasing deals covering almost 19,000 sqm of office space and close to 7,000 sqm of retail space across key markets in the CEE region.
Among GTC’s largest office transactions in Q1 this year were, among others, lease renewals for over 4,800 sqm at Advance Business Center in Sofia and 3,000 sqm at the Francuska Office Centre in Katowice, as well as the acquisition of new tenants at the Korona Office Complex in Kraków (2,200 sqm), Matrix D in Zagreb (1,700 sqm), and Vaci Greens in Budapest (1,300 sqm). Tenants leasing space in GTC buildings include leading companies from the financial, engineering, industrial, and aviation sectors.
“The office markets in which we operate remain stable, and our efforts are firmly focused on continually increasing occupancy. Our buildings are highly attractive workplaces – centrally located, carefully managed, and tailored to meet the needs of today’s professionals. At the same time, we are executing well-defined leasing strategies that enhance the appeal of our retail and entertainment destinations. After signing leases for nearly 160,000 sqm of commercial space in 2024, we continue to see the strength of our long-term tenant relationships and the market’s recognition of GTC as a reliable and responsible partner reflected in the contracts secured in the first quarter of this year,” said Gyula Nagy, GTC’s President of the Management Board.
In the retail segment, Avenue Mall in Zagreb agreed on relocation with regional retailer Sport Vision, signed lease agreements for a new restaurant and playground area (Koykan and Levelup), while existing tenants HomeDeco and Home&Cook opted to extend their leases. Altogether, 1,144 sqm of retail space was leased in the centre. In Galeria Północna in Warsaw, new and renewed leases totalled 2,391 sqm, including agreements with Martes Sport for nearly 1,200 sqm, Home & You for more than 400 sqm, and the Fikołki children’s play area for over 780 sqm. Among other agreements, Diverse fashion retailer extended lease for more than 350 sqm in Galeria Jurajska in Częstochowa. In Ada Mall, Belgrade, multi-brand sports retailer Beosport renewed its lease for over 450 sqm.
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