Polish real estate company Globe Trade Centre (GTC) received the prestigious Central & Eastern European (CEE) Real Estate Quality Award as developer of the year 2007. GTC’s supervisory board chairman Eli Alroy also won the CEE Real Estate Industry Professional of the Year award, the company said in a statement on March 19.
The ceremony took place in Warsaw Hilton Hotel. The Quality Awards Jury includes professionals from across the sector – financiers, developers, agents and consultants. The event’s participants included the representatives of the real estate industry from CEE countries and guests from all over the world.
In the category of the CEE Developer of the Year 2007 GTC ranked top, beating off competition from other nominations such as Echo Investment, Ghelamco, ING Real Estate Development, Orco Property Group, ProLogis, Quinlan Private Golub and Trigranit Development. GTC had previously won the CEE Developer of the Year and the CEE Outstanding Company of the Year awards in 2004.
CEE Real Estate Quality Awards are given to projects, companies and individuals involved in property investment and development throughout the Central and Eastern European region that in 2007 have demonstrated the highest level of quality and planning, leadership and execution. They are assessed against a detailed set of criteria by the experts panel. This year CEE Real Estate Quality Awards were given for the fifth time.
GTC is one of the leading developers in CEE and South Eastern Europe (SEE), but is also considering Commonwealth of Independent States’ markets for future expansion. Globe Trade Centre S.A. carries out investments as a developer in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria and Ukraine.
GTC has developed about 600 000 sq m of net space and now still owns completed commercial property with a net area of about 236 000 sq m. GTC also holds an impressive portfolio of 1.85 million sq m of commercial and residential area under various stages of development.
GTC shares are listed on the Warsaw Stock Exchange, where they are part of the WIG20 index. In January 2006, GTC shares were added to the GPR 250 index, which includes the 250 largest and most liquid companies in the world in the real estate sector.
