Globe Trade Centre (GTC) intends to use the proceeds from its recent share issue to fund the second phase of its FortyOne office project in Belgrade. The Polish developer said that nearly 100 percent of the K series shares on offer were sold.
āAs previously indicated, the funds from the capital increase will strengthen our balance sheet and will be used to finance growth through the acquisition of value-added assets, to develop selected projects in our core markets and to seize opportunities to enhance the companyās valueā said Thomas Kurzmann, GTCās CEO.
The company plans to invest in properties with value-added potential on its home market as well as capital cities in the CEE and SEE regions.
