His extensive experience in leasing and asset management, as well as in-depth knowledge of real estate, will help steer the company’s growth in the local market. GTC invested EUR 264 million in Hungary, in the first six months of 2021.
GTC’s new local executive, Ede Gulyás has been active in the real estate sector for 20 years, serving 10 years as the head of multiple real-estate investment companies with class ‘A’ office-and retail buildings.
Prior to joining GTC in 2021, Ede Gulyás was leading CA Immo Hungary Kft. as a Managing Director, where he oversaw the company’s successful merger with Europolis. Previously, he oversaw a more than 500-million-Euro commercial real-estate portfolio of more than 10 A-class office buildings, as well as retail and industrial properties with approx. 200 tenants.
Throughout his career, Ede developed skills and knowledge that cover a wide field of real estate management, including asset-, property-, portfolio, and transaction- management, and high-volume transactions and acquisitions.
“Ede Gulyás’ promotion is a recognition of his outstanding management skills and in-depth sector knowledge: with a thorough insight into our properties and the portfolio development strategy, Ede will strengthen our operations in Hungary and help us grow as a Group” – said Yovav Carmi, CEO and President of the GTC Management Board.
Commenting on his appointment, Ede Gulyás said: “My expertise in real estate management will help adjust and implement GTC Hungary’s local strategy including managing standing investments with a focus on occupancy and rental income improvement as well as acquiring and developing future-proof sustainable properties”.
Ede holds of an MBA in Business and Managerial Economics from Budapest’s University of Technology and Economics and a master’s degree from the University of Debrecen.
Besides his native Hungarian, he is fluent in English and German.
GTC in Hungary
GTC pays particular attention to the Hungarian real estate market and strives to implement best ESG practices in terms of office development, investor relations, long-term relationship building with its A-class tenants, and improving the quality of life of immediate communities in Budapest.
In 2020 the Group issued 110-million-euro worth HUF-denominated green bonds, further demonstrating its commitment to sustainability and financial innovation, recognized with investment grade rating BBB- by Scope Ratings.
Caring for the environmental impact of its buildings in Budapest, GTC aims to achieve the 100% green certification of new and existing properties. This year the developer has added to its Hungarian office portfolio two LEED ‘Gold’ buildings: the Ericsson and Siemens Evosoft Headquarters. Currently, GTC’s office portfolio in Budapest also includes Duna Tower, Váci Greens D, Center Point I and II, GTC Metro, Forest Offices, Váci 188 Office Building, and Hegyvidék Shopping Mall and Office Building. The company is also developing the 29,000 sqm Pillar building in the city, which upon completion (scheduled for 2022) will become the country headquarters of ExxonMobil.