WARSAW – 3 September 2025 – Greenberg Traurig advised a GTC S.A. on securing a EUR 84 million refinancing for Galeria Północna, a landmark retail destination in Warsaw, Poland.
The five-year facility provided by J&T BANKA will strengthen GTC’s liquidity and support the acquisition of the non-controlling interests in its German residential portfolio.
Opened in 2017 and spanning 64,000 sqm, Galeria Północna offers shopping, services and leisure attractions located within the mall, including Poland’s first rooftop garden and a brine graduation tower.
The Greenberg Traurig financing team was led by Partner Piotr Nerwiński who was supported by Senior Associate Iga Czerniak and Junior Associate Weronika Kopeć.
GTC Group is a leading investor and real estate developer with 30 years of experience operating in the largest markets of Central and Eastern Europe. To date, the company has developed 82 office buildings and shopping centres with a total area of 1.4 million square meters. Currently, GTC manages a portfolio of 44 properties offering 727,000 square meters of leasable space in major cities across Poland, as well as in Budapest, Bucharest, Belgrade, Zagreb, and Sofia. Since 2024, the company has also owned nearly 5,200 residential units in Germany. Additionally, GTC is currently developing over 65,000 square meters of commercial space across five projects and has a land bank for future developments. GTC S.A. shares are listed on the Warsaw Stock Exchange and the Johannesburg Stock Exchange.