About

Icona Capital is excited to announce that it has successfully acquired a 15.7% stake in Globe Trade Center S.A. (GTC), a leading European real estate development company. This acquisition, valued at €140 million, was completed through the purchase of shares from GTC Dutch Holding B.V., an entity managed by Optima Investments Ltd. This significant investment strengthens our presence in the real estate sector and further diversifies our portfolio.

About Global Trade Center:

Headquartered in Warsaw, Poland, Globe Trade Center (GTC) is a publicly listed real estate development company with a gross asset value of €2.2 billion. The company’s portfolio includes 732,100 sqm of office and retail space across 43 prime commercial properties, with additional developments in progress. In 2020, GTC reported €160 million in revenue and €112 million in EBITDA. With a focus on delivering high-quality commercial properties, GTC continues to expand its footprint in Central and Eastern Europe, further solidifying its position as a key player in the region’s real estate market.

Deal Information:

As part of this strategic investment, we are pleased to announce that Icona Capital will gain a seat on GTC’s Supervisory Board. This involvement allows us to actively contribute to GTC’s governance and growth strategy. The acquisition enhances our exposure to prime commercial real estate assets across Central Europe, complementing our broader investment strategy, which spans private equity, credit, special situations, liquid strategies, and financial services.

Statement from the Founder:

This acquisition marks an exciting milestone for Icona, expanding our geographical footprint and providing access to some of the best commercial real estate assets across Central Europe. We look forward to strengthening our partnership with GTC and contributing to the continued success of the business.

Max-Hervé George

Founder and CEO