Kardan increases its stake in Real Estate activities
About GTC Poland
GTC Poland is one of the leading real estate developers in Central and Eastern Europe. It invests in three main sectors of the real estate market: office buildings, retail and entertainment centres and residential property. It operates in 6 countries; Poland, Hungary, the Czech Republic, Romania, Serbia and Croatia, and is constantly seeking further investment opportunities in other countries in the CEE region. GTC Poland is listed on the Warsaw Stock Exchange and included in the main index (WIG20).
About GTC RE
GTC RE is the real estate division of the Kardan Group. Its shares are listed on the Tel Aviv Stock Exchange and are included in several of its major indices. Kardan holds approximately 70% equity interest in GTC RE.
About Kardan
Kardan is an international investment company with a focus on three sectors: Real Estate, Financial Services and Infrastructure. Kardan is primarily active in Central and Eastern Europe, where it conducts more than 75% of its activities. Kardan holds controlling interests in its investee companies and is actively involved in the definition and implementation of their strategy. Total assets per December 31, 2004 amounted to USD 1,437 million, with revenues of USD 337 million. The number of employees engaged by the group amounted to approximately 4,160 as of December 31, 2004. Kardan is listed on Euronext Amsterdam and the Tel-Aviv Stock Exchange.
Bron : Kardan
Source: www.euronext.com
