Serbian antitrust body clears acquisition of Napred 41 by Polish GTC

BELGRADE (Serbia), June 3 (SeeNews) – The Serbian competition authority has announced that it has authorized Polish property developer Global Trade Center (GTC) to acquire Napred 41, which holds the long-term right to lease 19,500 square meters in the New Belgrade District Zone of block 41.

By purchasing Belgrade-based Napred 41, GTC will have the opportunity to develop a real estate project, the Commission for the Protection of Competition (CPC) said in a decision published on its website.

GTC is participating in the transaction through its Hungarian subsidiary GTC Magyarorszag, according to the April 16 decision.

Napred 41 is 100% owned by British Virgin Islands-based Groton Global Corp, according to data from the Serbian Business Register.

Last week, GTC agreed to sell its office portfolio in Belgrade to Hungarian investor Indotek Group for 267.6 million euros ($ 326.2 million). The agreement covers the sale of 11 buildings in five business parks – Green Heart, FortyOne, Belgrade Business Center, 19 Avenue and GTC House – with a total gross leasable area of ​​122,175 square meters with occupancy rates high, located in the new district of Belgrade.

Elsewhere in South-Eastern Europe, GTC is present in Croatia, Romania and Bulgaria.

($ = 0.820446 euros)

About Elizabeth Smith

Check Also

BCLP Adds Partner to Atlanta Financial Transactions Practice

By Christine DeRosa (July 25, 2022, 2:35 p.m. EDT) — Bryan Cave Leighton Paisner LLP …