GTC sells GTC X Office Building in Belgrade

GTC has successfully closed the sale of its landmark GTC X office building in Belgrade for €52 million. This strategic move strengthens GTC’s financial position, with net proceeds of €24 million, as the company continues to focus on preserving cash and enhancing its financial flexibility.

Finalized in early February 2025, the sale of Glamp d.o.o., the owner of the GTC X building, reflects GTC’s ongoing commitment to prudent asset management and preserving liquidity. The net proceeds of €24 million, after the repayment of a bank loan, provide GTC with the financial strength to continue its focus on preserving cash and ensuring long-term financial stability.

“This sale is a key step in further strengthening our financial position,” said Gyula Nagy, President of the Management Board at GTC.”It enhances our liquidity and gives us greater financial flexibility moving forward.”

This transaction is part of GTC’s ongoing efforts aimed at strengthening the cash position and increasing financial flexibility. Earlier in 2025, GTC closed the sale of a prime land plot in Warsaw’s prestigious Wilanów district for €55 million and the Matrix C office building in Zagreb for €27 million, further consolidating the company’s financial standing.