GTC X building in Belgrade sold for EUR 52 million

GTC has successfully closed the sale of its GTC X office building in Belgrade for EUR 52 million. The buyer is the Belgrade-based company Forstone Realty, as announced on the website ceelegalmatters.com.

This strategic move strengthens GTC’s financial position, with net proceeds of EUR 24 million, as the company continues to focus on preserving cash and enhancing its financial flexibility, it is said on the company’s official website.

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

GTC X is a state-of-the-art office building offering nearly 18,000 sqm of prime space designed for innovative businesses. It is located in Milutina Milankovica Street in New Belgrade.

– Its striking glass façade allows natural light to flood the interiors, while its signature X-shaped design provides flexible office layouts that meet the dynamic needs of today’s tenants – it is added on gtcgroup.com.

The building also has 300 parking spaces in an underground garage on three levels.

GTC X was opened in November 2022.

Commercial Developments d.o.o. part of GTC SA

Forstone Realty doo Beograd

GTC

Forstone Realty

Gyula Nagy

GTC X building

Milutina Milankovića Street Belgrade

sale of GTC X building