GTC acquires land in Bucharest (PL/RO)

Globe Trade Center (GTC), Poland’s publicly listed property developer, has acquired 12 ha of land in the Romanian capital Bucharest, and has plans for a mixed-use retail, office and residential complex for the site. The cost of the transaction was around €15.5 mln.

GTC is currently developing its second office building in the country, which will provide users with 26,000 m² of space. The project, called America House, follows on from Europa House which was sold to Europolis 2 years ago.

Source: Eurobuild

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