GTC Romania Prepares New Investments

The new shareholders of GTC Romania say that they plan to build new real estate projects but also to buy some projects in early stages of development, and the office segment is the one targeted. “The real estate market from Romania is going through a positive period and there are numerous investment opportunities. The land plots have reached at a better price, and the demand from companies for modern office spaces or for commercial spaces has returned to attractive levels. We are analyzing various development opportunities for the activity of GTC Romania, and we are interested in starting new projects and even buying other projects in early stages of development”, declared in a press release Danny Bercovich, CEO of GTC Romania. Danny Bercovich, with over 15 years experience in the real estate industry, in he development and management of real estate projects, was appointed at the helm of GTC Romania at the beginning of this year, after he previously coordinated the company activity in Bulgaria, where the company owns four commercial centers. Bercovich is replacing Shimon Gallon in Romania. “The company went through several changes in the past nine months. We have a new majority shareholder, Lone Star (an American investments fund), who is planning to use GTC and its experience as a platform for new investments in Central and Eastern Europe, and Romania is presenting massive opportunities on regional level. We also have a new management team on local level, with clear objectives, from improving the results to identifying new development directions”, added Bercovich.

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