Property group GTC faces loss amid Covid-19 pressure
Globe Trade Centre develops and manages properties in Eastern Europe
19 August 2020 - 12:00
Poland-based real-estate group Globe Trade Centre (GTC), which develops and manages properties in Eastern Europe, has swung into a first-half loss after hefty writedowns of its portfolio.
The group slumped to a €33.8m (R696.28m) loss from profit of €42.8m previously, having written down its property investments by €67m...
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