The fund has entered into a conditional share purchase agreement from an affiliate of Lone Star Funds, an American private equity firm.
An affiliate of Lone Star Funds initially acquired a stake in GTC S.A. in 2013 and increased its shareholding over time. GTC will also remain listed.
The GTC portfolio comprises commercial buildings (in particular office buildings and retail complexes) and several development projects in Poland and other capital cities in the CEE region (in particular Budapest, Bucharest, Belgrade, Zagreb, and Sofia). In Romania, GTC owns office buildings in the Victory Square Area, as well as City Gate in northern Bucharest and started works on City Rose Park in the Expozitiei area.
Optima Investment is a Hungarian long-term investor in high–quality, income-generating real estate assets in Hungary and the CEE region. Optima was established in 2015 with the objective to manage funds of the foundations of the National Bank of Hungary.