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Tuesday | March 2 | 2021

Globe Trade Centre (GTC) highlights for Q1 2020

GTC annual in-place rent went up 11% to €145.4m (€130.6m in Q1 2019) and gross margin from rental activity up by 1% to €30m.

Occupancy kept high at 95%, profit before tax and fair value adjustments of €13m and profit after tax of €3m, earnings per share of €0.01

Cash and cash equivalents amounted to €196.6m as of 31 March 2020.

GTC had 19.000 sq m of newly leased or released space and completed Green Heart (N3), Belgrade, project.

Three office buildings are under construction to bring €11.1m rent upon completion and stabilization: Matrix B Zagreb, Advance Business Center II Sofia, Pillar Budapest.

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