GTC

GTC Group is a leading real estate developer in CEE and SEE and currently operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia, the Czech Republic, Russia and Ukraine. The Group was established in 1994 and has been present in the real estate market for approximately 18 years. The Group’s portfolio comprises: (i) completed office buildings and office parks as well as retail and entertainment centres (commercial real estate); (ii) residential projects; and (iii) undeveloped plots of land and suspended projects (landbank). Since its establishment, the Group has developed approximately 850 thousand sqm of NRA and approximately 290 thousand sqm of residential space. The Group has sold approximately 258 thousand sqm of NRA in completed commercial properties and approximately 215 thousand sqm of residential space. As of 31 May 2012 ( the date of Offering Memorandum) the Group’s portfolio comprises the following properties: completed commercial properties with a combined NRA of approximately 647 thousand sqm, of which the Group’s proportional interest amounts to approximately 596 thousand sqm; two commercial properties under construction with a total built area of approximately 12 thousand sqm of NRA following completion; inventory of 75 thousand sqm of which the Group’s proportional interest amounts to approximately 49thousand sqm of residential units; landbank designated for future development, with approximately 874 thousand sqm of plots of land designated for commercial use and approximately 1,815 thousand sqm of plots of land designated for residential use, of which the Group’s proportionate interest therein amounts to approximately 800 thousand sqm and approximately 1,427 thousand sqm, respectively.