GTC in talks to buy properties in Poland, Hungary

November 13, 2015 8:46 AM

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WARSAW Nov 13 The Warsaw-listed commercial real estate developer GTC is in exclusive talks to buy two income generating properties in Poland and Hungary, as it looks around Eastern Europe to return to a growth path, it said on Friday.

Portfolio restructuring helped GTC, controlled by real estate fund Lone Star, stage a turn-around year, with its share price up 28 percent year-to-date - wiping out all of last year's decline.

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